Bloomberg News

BTA Says All Sides Interested in ‘Compromise’ Over Restructuring

December 29, 2011

Dec. 29 (Bloomberg) -- BTA Bank, said all sides, including creditors and the government, are interested in reaching a “compromise” over the Kazakh lender’s planned restructuring.

“We continue to maintain that any approved restructuring plan is the most acceptable scenario among any possible options,” Chairman Anvar Saidenov said in a statement e-mailed by the Almaty-based bank today.

BTA is seeking to restructure its debt for the second time in as many years and last week called a shareholders’ meeting for Jan. 26 to vote on the issue.

To contact the reporter on this story: Nariman Gizitdinov in Almaty at ngizitdinov@bloomberg.net

To contact the editor responsible for this story: Paul Abelsky at pabelsky@bloomberg.net


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