JSC "Bank TuranAlem" Mukhtar Ablyazov and Chief Executive Officer of ORIX corporation Yoshihiko Miyauchi have signed the Memorandum27.06.2007 / Press-service
On 20th June, 2007, The Chairman of the Board of Directors, JSC "Bank TuranAlem" Mukhtar Ablyazov and Chief Executive Officer of ORIX corporation Yoshihiko Miyauchi have signed the Memorandum on mutual cooperation (Agreement on Alliance) in the office of ORIX corporation (Tokyo).
Parties have appreciated mutual interest to the development of joint business taking into account innovation technologies and best international experience and also have determined common directions of bilateral partnership in the signed document.
Particularly, the partnership includes mutual support in development of BTA business group in Japan and ORIX Corporation in Kazakhstan. Furthermore, the parties have discussed an opportunity of realization of joint projects within the territory of CIS.
Thus, during the negotiations the representatives of Japan expressed a particular interest in the investment in post-soviet real estate market and also in development of providing such services as private equity and leasing.
The parties also have noted with satisfaction achieved positive results of bilateral cooperation that started in 2005, when ORIX Corporation became the shareholder of "BTA Leasing" company (today "BTA Orix Leasing"). This project is the first work experience within the territory of СIS for ORIX. It is also the single case of Japanese side’s participation in share capital of Kazakhstani companies.