JSC BTA Bank Signs a Memorandum of Understanding with the Creditors’ Steering Committee to restructure BTA Bank’s Financial Indebtedness
JSC BTA Bank ("BTA") announced today that it has entered into a Memorandum of Understanding ("MOU") with the Creditors' Steering Committee (the "Steering Committee") to restructure BTA's financial indebtedness (the "Restructuring").
The objective of the Restructuring shall be to satisfy the regulatory capital requirements of the FMSA as of the effective date of the Restructuring.
UPDATE 2-Kazakh bank BTA signs debt restructuring MOU
ALMATY, Sept 22 (Reuters) - Kazakh state-run bank BTA BTAS.KZ on Tuesday reported progress in talks to restructure its $10 billion debt by signing a memorandum of understanding (MOU) with its creditors' steering committee.
BG seeks over $1 billion from Kazakhstan in duty dispute
ASTANA (Reuters) - British energy firm BG is seeking to recover more than $1 billion in oil export duty paid to Kazakhstan through an international arbitration court, Kazakh Energy Minister Sauat Mynbayev said Tuesday.
JSC Alliance Bank’s Application for Restructuring Approved by the Court
JSC Alliance Bank (the "Bank") is pleased to announce that the Specialised Financial Court of Almaty (the "Court") has approved the Bank's application for restructuring by a decision dated 18 September 2009.
NEW YORK (Reuters) - President Barack Obama's multi-tasking abilities will be tested this week as he juggles war, diplomacy and finance on the world stage while dealing with the American public's top concern: the U.S. economy.
UPDATE 2-ENRC settles deal to buy CAMEC for $955 mln
LONDON, Sept 18 (Reuters) - Kazakh mining group ENRC on Friday (ENRC.L) wrapped up a $955 million cash deal to buy junior firm CAMEC (CFM.L), which will diversify the firm into metals such as copper and into high-risk areas of Africa.
ALMATY, Sept 18 (Reuters) - Kazakh bank BTA BTAS.KZ has not yet agreed a debt restructuring deal with its creditors which it must submit to the regulator on Friday, an analyst at Commerzbank, one of BTA creditors, told Reuters.
Kazakh regulator awaits BTA debt restructuring plan
ALMATY, Sept 18 (Reuters) - Kazakhstan's Financial Supervision Agency (FSA) expects state-run bank BTA BTAS.KZ to submit its $10 billion debt restructuring plan in full by the end of Friday, FSA head Yelena Bakhmutova told Reuters.
SAN FRANCISCO (Reuters) - The founders of Skype have sued owner eBay Inc and an investor group that has agreed to buy the Webphone service, accusing them of copyright violation and potentially disrupting the $1.9 billion deal.
BERLIN/FRANKFURT (Reuters) - General Motors agreed to sell a 55 percent stake in Opel to a group led by Canada's Magna after months of fraught negotiations that had weighed on the European unit and its 50,000 workers.