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Freedom Holding Acquires Majority Stake In Online Supermarket Arbuz

PUBLIC · FRHCJun 20, 2023

Acquiring Company

Freedom Holding Corp

Acquired Company

Arbuz

New YorkFinancial ServicesFinanceFintechLendingBankingFood 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.

Quick answer

Freedom Holding Corp is acquiring Arbuz, announced June 20, 2023. Freedom Holding Corp is based in New York, New York, United States.

How much did Freedom Holding Corp pay for Arbuz?
The deal value was not disclosed.
What does Freedom Holding Corp do?
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..
Where are Freedom Holding Corp and Arbuz based?
Freedom Holding Corp is based in New York, New York, United States.
Who are the decision-makers at Freedom Holding Corp?
Fundz holds 2 contacts at Freedom Holding Corp. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Freedom Holding Corp

Location

New York, New York, 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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Frequently asked

Who acquired Arbuz?

Arbuz was acquired by Freedom Holding Corp, based in New York. The deal was reported on June 20, 2023. Freedom Holding Corp is publicly traded (FRHC) and operates in Financial Services.

When did Freedom Holding Corp acquire Arbuz?

Freedom Holding Corp's acquisition of Arbuz was reported on June 20, 2023. Freedom Holding Corp. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Arbuz do?

The Arbuz.kz online supermarket was launched in 2011, and since then 205,000 customers have made purchases on the platform. It is privately held, operating in Food And Beverage.

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