Joint-Stock Company AK Altynalmas (KAS:ALMS) agreed to acquire 54.2% stake in JSC Kazakhaltyn MMC on November 29, 2019. VTB Bank has provided loan of €470 million to Joint-Stock Company AK Altynalmas, JSC Kazakhaltyn MMC, Kazakhaltyn Technology LLC and Aksu Technology LLC. Joint-Stock Company AK Altynalmas will use loan amount to fund the transaction. VTB Capital Plc acted as financial consultant to Joint-Stock Company AK Altynalmas for the transaction.