Halyk Bank Buys 49% of Click for $176M
Business
Halyk Bank, the largest financial group in Central Asia, has acquired a 49% stake in Uzbekistan's leading payment provider Click for $176.4 million. In return, Click acquired 49% of Tenge Bank, Halyk’s Uzbek subsidiary, for $60.76 million. The landmark transaction is the largest private sector deal in Uzbekistan’s history.
The strategic partnership between Click and Halyk Bank marks a turning point in the region’s fintech landscape.
Key deal terms:
Halyk Bank acquires 49% of Click for $176.4M
Click acquires 49% of Tenge Bank for $60.76M
Both companies will remain independent legal entities, with all customer agreements and services unaffected.
Click serves over 20 million users and leads Uzbekistan’s digital financial ecosystem. Tenge Bank continues expanding its retail and corporate product portfolio with a strong focus on digitalization.
The synergy will provide Click users access to modern banking services from Tenge Bank. Over 70,000 businesses working with Click will also benefit from new financial tools. The companies plan to merge their services into a seamless Click Super App environment.
Regulatory procedures are underway, and approvals are expected in a timely manner.
Key deal terms:
Halyk Bank acquires 49% of Click for $176.4M
Click acquires 49% of Tenge Bank for $60.76M
Both companies will remain independent legal entities, with all customer agreements and services unaffected.
Click serves over 20 million users and leads Uzbekistan’s digital financial ecosystem. Tenge Bank continues expanding its retail and corporate product portfolio with a strong focus on digitalization.
The synergy will provide Click users access to modern banking services from Tenge Bank. Over 70,000 businesses working with Click will also benefit from new financial tools. The companies plan to merge their services into a seamless Click Super App environment.
Regulatory procedures are underway, and approvals are expected in a timely manner.
Powered by Froala Editor