Kazakhstan's Freedom Holding to buy Turkish Bank's business in Turkey

ALMATY, March 10 (Reuters) - Freedom Holding FRHC_KZ.KZ, a Kazakhstan-based financial services company, said on Tuesday that it was buying Turkish Bank's operations in Turkey, as part of its plans to expand outside its core Central Asian markets.

Freedom Holding said in a statement that subject to Turkish regulatory approval, it was buying the Istanbul-based lender's business in Turkey, but not its divisions in Cyprus or Britain.

The company did not say how much it was paying for the business.

Freedom Holding's CEO Timur Turlov last month told Reuters that the New York-listed company was looking at founding or acquiring banks in Turkey and Europe.


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