off-the-wire

Kazakh-based Freedom Holding to buy U.S. investment group Maxim for $400 mln

Kitco Media
By Reuters
Published:
Updated:
Reuters



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This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine


MOSCOW, Feb 16 (Reuters) - U.S.-listed Freedom Holding Corp , a Kazakhstan-based financial services firm focused on East Europe and Central Asia, on Thursday said it was acquiring U.S. investment bank Maxim Group to expand its geographic reach.


The $400 million deal will be financed with cash and shares and will also include Maxim subsidiary Maxim Financial Advisors, Freedom Holding said.


Freedom Holding separated its Russian arm from the main business last year as political tensions around the Ukraine conflict and related restrictions took their toll.
(Reporting by Elena Fabrichnaya Writing by Alexander Marrow Editing by David Goodman)

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