Kaspi.kz brings more EM joy to London amid Brexit gloom
Kaspi.kz, the Kazakh payments group, is preparing to list global depositary receipts (GDRs) on the London Stock Exchange this autumn, as EM deals provide a brief glimmer of hope for the UK capital as Brexit volatility has killed the hopes of many UK issuers.
In a regulatory filing on Monday, Kaspi said that the sale would consist of GDRs sold by its shareholders. The sellers are Asia Equity Partners, Baring Vostok, Goldman Sachs, Vyacheslav Kim, the chairman of Kaspi, and Mikheil Lomtadze, the company’s CEO.
Each GDR represents one share listed on ...Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Or sign up for a trial to gain full access to the entire site for a limited period.
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
