India, March 27 -- Joint Stock Company Kaspi.kz (KSPI), a developer of financial technology application solutions, on Thursday announced that it has signed a share purchase agreement to acquire Rabobank A.S., Rabobank Group's Turkish subsidiary. The transaction is not material.

Rabobank A.S. is a licensed bank in Turkiye that has no borrowers, depositors, or branches.

The deal will be completed once regulatory approvals and standard closing conditions are met.

Wednesday, Kaspi had closed 2.08% lesseer at $94.25 on the Nasdaq.

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