Kaspi.kz signed an agreement to acquire Rabobank's Turkish subsidiary, pending regulatory approvals, expected to close mid-2026.
Quiver AI Summary
Kaspi.kz, a company listed on Nasdaq, announced on March 27, 2025, that it signed a share purchase agreement with Rabobank Group to acquire its Turkish subsidiary, Rabobank A.Ş. The completion of this transaction is pending regulatory approvals and customary closing conditions, which are expected to be resolved by mid-2026. Kaspi.kz aims to enhance people's lives through innovative mobile products and services via its two-sided Super App model, serving both consumers and merchants. The company operates leading platforms in Payments, Marketplace, and Fintech, and holds a 69.46% stake in the prominent Turkish e-commerce firm, Hepsiburada. Additionally, Harvard Business School has featured Kaspi.kz in two case studies for its MBA programs.
Potential Positives
- Kaspi.kz is expanding its operations into Turkey through the acquisition of Rabobank A.Ş., which could enhance its market presence and diversify its revenue streams.
- The acquisition is a strategic move that aligns with Kaspi.kz’s mission to improve lives through innovative services, potentially increasing the adoption of its Super App model in new markets.
- The expectation of completing the transaction by mid-2026 suggests positive momentum for the company and confidence in meeting regulatory requirements.
- Kaspi.kz's strong engagement with its consumer and merchant base, along with ownership of a significant stake in Hepsiburada, positions it well for growth in the ecommerce sector in Turkey.
Potential Negatives
- Acquisition of Rabobank’s Turkish subsidiary remains subject to regulatory approvals, introducing uncertainty regarding the timeline and success of the transaction.
- The expected closing of the acquisition has been postponed to mid-2026, which may imply delays in strategic growth plans for the company in the Turkish market.
- Potential risks associated with integrating Rabobank A.Ş. into Kaspi.kz's existing operations, which could affect operational efficiency and financial performance post-acquisition.
FAQ
What is the recent acquisition made by Kaspi.kz?
Kaspi.kz signed a share purchase agreement to acquire Rabobank's Turkish subsidiary, Rabobank A.Ş., on March 27, 2025.
When is the expected closing date for the Kaspi.kz and Rabobank transaction?
The transaction is expected to close in mid-2026, pending regulatory approvals and customary closing conditions.
What are Kaspi.kz's main services?
Kaspi.kz operates a Super App model offering Payments, Marketplace, and Fintech platforms tailored to consumer and merchant needs.
What stake does Kaspi.kz have in Hepsiburada?
Kaspi.kz owns a 69.46% stake in Hepsiburada, a leading ecommerce company in Türkiye.
Where is Kaspi.kz listed?
Kaspi.kz has been listed on Nasdaq since January 2024.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$KSPI Hedge Fund Activity
We have seen 117 institutional investors add shares of $KSPI stock to their portfolio, and 96 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BARING FINTECH FUND III MANAGERS LTD removed 1,885,784 shares (-11.6%) from their portfolio in Q3 2025, for an estimated $154,030,837
- AMERIPRISE FINANCIAL INC added 815,509 shares (+1518.9%) to their portfolio in Q3 2025, for an estimated $66,610,775
- BLACKROCK, INC. removed 626,924 shares (-41.6%) from their portfolio in Q3 2025, for an estimated $51,207,152
- JANE STREET GROUP, LLC added 530,731 shares (+inf%) to their portfolio in Q3 2025, for an estimated $43,350,108
- WELLINGTON MANAGEMENT GROUP LLP added 493,101 shares (+197.6%) to their portfolio in Q3 2025, for an estimated $40,276,489
- BRANDES INVESTMENT PARTNERS, LP added 407,732 shares (+inf%) to their portfolio in Q3 2025, for an estimated $33,303,549
- GQG PARTNERS LLC removed 369,508 shares (-25.0%) from their portfolio in Q3 2025, for an estimated $30,181,413
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
ALMATY, Kazakhstan, Nov. 28, 2025 (GLOBE NEWSWIRE) -- On the 27th March 2025 Joint Stock Company Kaspi.kz (“Kaspi.kz” NASDAQ: KSPI) signed a share purchase agreement with Rabobank Group, relating to the purchase of Rabobank’s Turkish subsidiary Rabobank A.Ş.
The closing of the transaction remains subject to the receipt of the required regulatory approvals and satisfaction of all customary closing conditions. We now expect this to take place in mid-2026.
For further information
David Ferguson
About Kaspi.kz
Kaspi.kz’s mission is to improve people’s lives by developing innovative mobile products and services. To deliver upon this we operate a unique two-sided Super App model – Kaspi.kz Super App for consumers and Kaspi Pay Super App for merchants.
Through these Super Apps consumers and merchants can access our leading Payments, Marketplace, and Fintech Platforms. All our services are designed to be highly relevant to users’ everyday needs and enable consumers and merchants to connect and transact between themselves.
The combination of a large, highly engaged consumer and merchant base, best-in-class, highly relevant digital products and a capex lite approach, results in strong top-line growth, a profitable business model and enables us to continue innovating, delighting our users and fulfilling our mission.
In Türkiye, Kaspi.kz owns a 69.46% stake in Hepsiburada, one of the country’s leading ecommerce companies.
Harvard Business School has written two case studies on Kaspi.kz which it continues to teach to its MBA students.
Kaspi.kz has been listed on Nasdaq since January 2024.
