Freedom Holding acquired an American bank for $400 million
Author - Mansur Ismagulov
The Tech AI
Get the key points in seconds - a short summary from The Tech AI.
Freedom Holding Corp, led by Timur Turlov, has acquired the American bank Maxim Group for $400 million. The amount includes compensation for employees who remain with the company after the change of ownership. The head of the holding company called the purchase timely and profitable, noting its role in strengthening infrastructure and access to the U.S. primary market.
Freedom Holding Corp completed a deal in the U.S. market: an investment structure led by Timur Turlov acquired Maxim Group, an American bank on Wall Street.
The deal amount of $400 million includes compensation for employees who choose to remain with the company after the change of ownership.
The head of Freedom Holding also stated that he considers the purchase of the bank to be a decision made at the right time and for the right price.
This move will help strengthen the holding's infrastructure, solidify its market position, and provide access to the U.S. primary market.
Source: digitalbusiness.kz
The Tech on Telegram Follow The Tech on Telegram
Keep up with the latest technology and startup news.
Related reading
More from this author
News
zypl.ai begins operations in Japan and focuses on next-generation risk models
Mansur Ismagulov
News
Elon Musk's net worth has exceeded $700 billion for the first time
Mansur Ismagulov
Article Interviews
"Central Asian countries should build a joint ecosystem," — Bekhzod Ismoilov on the development of AI in the region
Mansur Ismagulov
Article Interviews
Bloom's Taxonomy and Engineering Levels: A Practical Growth Model
Mansur Ismagulov
Article Useful
How the IT industry in Azerbaijan developed in 2025: key events
Mansur Ismagulov
News
Tajikistan has become a new member of the regional innovation alliance Central Asian Innovation Hubs.
Mansur Ismagulov