Kazkommertsbank, businessman to buy 46.5 pct each in BTA Bank

ALMATY Thu Feb 6, 2014 4:58am EST

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ALMATY Feb 6 (Reuters) - Kazkommertsbank said on Thursday it had reached a final agreement with Kazakh businessman Kenes Rakishev to each buy a 46.5 percent stake in BTA Bank from Kazakh sovereign wealth fund Samruk-Kazyna.

Kazkommertsbank said it would pay $465 million for its 46.5 percent stake in BTA Bank. (Reporting by Dmitry Solovyov; editing by Tom Pfeiffer)

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