Proposal to acquire 100% of shares of JSC "KazAgroFinance"
JSC National Managing Holding (hereinafter referred to as the Holding) presents to your attention the proposal to acquire 100% of the shares of the subsidiary of the Holding Company - JSC KazAgroFinance. In the framework of the implementation of institutional economic reforms in 2015, the Government of the Republic of Kazakhstan adopted the Comprehensive Privatization Plan for 2016-2020, according to which JSC KazAgroFinance is subject to transfer to a competitive environment. This company was established on December 28, 1999. In accordance with the Decree of the Government of the Republic of Kazakhstan, dated by 24th of November 1999, №1777 "On some issues of agriculture" for the development of the leasing market for agricultural machinery in order to support the technological renewal of agriculture. JSC “KazAgroFinance” is a systemically important organization for agriculture, providing an annual renewal of over 84% of all types of agricultural machinery and equipment. The company's total loan portfolio is 285 billion KZT, including 220 billion KZT in the form of leasing. The share of leasing of agricultural machinery in the company's total loan portfolio is about 50%. Currently, the main subject of the company's activity is financial leasing of agricultural machinery and equipment of domestic and foreign production. Also, until 2017, the company financed investment projects in the country's agro-industrial complex using lending and leasing instruments at the expense of the National Fund of the Republic of Kazakhstan. The funds of the National Fund are provided by JSC KazAgroFinance Holding and are subject to full refund to the Holding in accordance with the established schedule. The main competitive advantages of JSC "KazAgroFinance" is a wide branch network in all regions of the republic, a large client base, experience, industry competence and established connections with local and foreign suppliers of equipment, financial organizations. The Holding is considering the possibility of direct targeted sale of JSC "KazAgroFinance" to a strategic investor who has the opportunity to maintain the profile of the company's activities and ensure the continued investment activity of JSC KazAgroFinance in the market of leasing of agricultural machinery and equipment. We suggest that you familiarize yourself with the attached brief presentation of investment opportunities of JSC KazAgroFinance, as well as more detailed information on financial and economic activities on the site www.kazagro.kz/web/kaf. Upon request from you, the Holding is ready to provide additional clarifying information about the company. If you are interested in acquiring a 100% stake in JSC KazAgroFinance, the Holding is ready to negotiate on this issue at a convenient time for you. Investment offer
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