Joint Stock Company Kaspi.kz (NasdaqGS:KSPI) signed a share purchase agreement to acquire Rabobank A.S. from Rabobank International Holding BV on March 27, 2025.
The closing of the transaction is pending the receipt of required regulatory approvals and satisfaction of all customary closing conditions.
The transaction is expected to close in the second half of 2025. As of October 3, 2025, the transaction is expected to close by the end of 2025. As of November 28, 2025, it was announced that the transaction is expected to close in mid-2026.
JPMorgan Chase Bank, N.A., Amsterdam Branch acted as financial advisor to Rabobank International Holding BV. Allen Overy Shearman LLP and Allen Overy Shearman LLP acted as legal advisors to Rabobank International Holding BV.
Kaspi.kz AO (Joint Stock Company Kaspi.kz), formerly Aktsionernoe obshchestvo kaspi, is a Kazakhstan-based financial technology company, which provide a range of services such as online payments, e-commerce, and digital banking. The Company operates as holding company for Kaspi Group AO and Kaspi Magazin TOO. The Company operates through two segments. Mass retail offers a wide range of products and financial services to retail customers through a network of branches, offices, and automated teller machine (ATM). These products include savings and current accounts, credit cards, car loans and commodity loans, as well as a wide range of insurance policies. Financial services for corporate, middle, and small, and other businesses segment, including deposits, overdrafts, loans and other credit services and currency exchange.
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