CMS advises on the acquisition of RBS’s business interests in Kazakhstan

CMS has advised Orifjan Shadiyev, a prominent businessman and owner of Capital Bank Kazakhstan, on the acquisition of RBS’s business in Kazakhstan (RBSK). The sale is subject to approval by the National Bank of Kazakhstan.

The CMS team was led by Graham Conlon, a partner in the corporate and international private equity team, and supported by senior associate Tetyana Dovgan.

Graham Conlon commented: “We are very happy to have advised Mr. Shadiyev on this important transaction, one of a number of high profile transactions in Central Asia in which we have been involved in recent times.”

Orifjan Shadiyev commented: “The acquisition gives an opportunity to add scale to Capital Bank Kazakhstan and perfectly fits our growth strategy. RBSK's professional staff, with their international experience and adherence to best practice, will allow us to offer high quality services to all our clients.”