Shanghai exchange to acquire 25.1% stake in Kazakhstan exchange

Shanghai exchange to acquire 25.1% stake in Kazakhstan exchange

Photo: REUTERS/JASON LEE

The Shanghai Stock Exchange (SSE) said on Thursday it has signed an agreement with the financial centre of the Republic of Kazakhstan to acquire a 25.1 percent stake in the country’s exchange.

The Shanghai exchange will cooperate with the Astana International Finance Centre on strategy and technology consulting, business planning, product design and market expansion among other things, the SSE said in a statement on its website.

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