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Freedom Holding Acquires Majority Stake In Online Supermarket Arbuz

PUBLIC · FRHCJun 20, 2023•about 3 years ago

Acquiring Company

Freedom Holding Corp

Acquired Company

Arbuz

FairfaxFinancial ServicesFinanceBankingFood And BeverageE CommerceGroceryRetail

Description

Freedom Holding Corp. (NASDAQ: FRHC), a diversified multi-national financial services firm, today announced that it has completed the acquisition of an 82% ownership interest in Kazakhstan company “Arbuz Group” Limited Liability Partnership (“Arbuz”) from a group of private investors. The acquisition took place in several stages starting in March 2023.

Company Information

Company

Freedom Holding Corp

Location

Fairfax, Virginia, United States

About

Freedom Holding Corp., a Nevada corporation, is a financial services holding company conducting retail securities brokerage, investment research, investment counseling, securities trading, investment banking and underwriting services, mortgages, insurance, and consumer banking through its subsidiaries, operating under the name Freedom Finance in Europe and Central Asia. Through its subsidiaries, Freedom Holding Corp. employs more than 2,900 people and is a professional participant in the Kazakhstan Stock Exchange, the Astana International Exchange, the Republican Stock Exchange of Tashkent, and the Uzbek Republican Currency Exchange and is a member of the New York Stock Exchange and the Nasdaq Stock Exchange. Freedom Holding Corp. is headquartered in Almaty, Kazakhstan, and has a presence through its subsidiaries in 15 countries, including among others Kazakhstan, Cyprus, Uzbekistan, Azerbaijan, and the United States. Freedom Holding Corp.'s common shares are registered with the United States Securities and Exchange Commission and are traded in the United States on the Nasdaq Capital Market, operated by Nasdaq, Inc. To learn more about Freedom Holding Corp., visit www.freedomholdingcorp.com.

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M&A Insights

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Integration timeline
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Tech stack consolidation
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