Turkish and Kazakh stock exchanges in share swap

The Turkish and Kazakh stock exchanges (BIST and KASE) are on the verge of entering into a long-term partnership arrangement that involves the two exchanges buying minority stakeholdings in each other. BIST and KASE signed a framework agreement last month which will enable KASE to make use of BIST”s technology and experience. The share swap will be confirmed once due diligence has been completed.¬†KASE already owns a stake in the Kyrgyz Stock Exchange. Tengrinews¬†