Kaspi.kz Secures Rabobank Turkey Acquisition for Strategic Expansion
Deal News | Mar 27, 2025 | Aim Group
Kaspi.kz, Kazakhstan's largest marketplace and fintech company, has entered into a share purchase agreement to acquire Rabobank Group's Turkish subsidiary, Rabobank A., as announced in a press release. This acquisition marks Kaspi.kz's inaugural venture into the Turkish market, significantly expanding its geographic footprint. The deal signifies a strategic move to increase Kaspi.kz's presence in international markets, leveraging Rabobank A.'s local market expertise and infrastructure.
Sectors
- Financial Services
- E-commerce
Geography
- Kazakhstan – Kaspi.kz is based in Kazakhstan, marking it as the origin of the acquiring company.
- Turkey – Rabobank A., the target of the acquisition, is located in Turkey, indicating the geographic expansion of Kaspi.kz.
Industry
- Financial Services – Kaspi.kz operates as a fintech platform offering financial services, and the acquisition involves a subsidiary of Rabobank, indicating activity within the financial services sector.
- E-commerce – As a leading marketplace, Kaspi.kz's business operations and strategic expansion interests align with the e-commerce sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kaspi.kz | Bidding Company | Company | Kazakhstan's largest marketplace and fintech business, involved in the acquisition of Rabobank's Turkish subsidiary. |
| Rabobank Group | Selling Company | Company | Netherlands-based banking and financial services provider, selling its Turkish subsidiary. |
| Rabobank A. | Target Company | Company | The Turkish subsidiary of Rabobank Group being acquired by Kaspi.kz. |