FRHC - Freedom Holding agrees to acquire Aviata Chocotravel from Chocofamily for $32.3M

2023-04-24 08:29:17 ET

• Freedom Holding ( NASDAQ: FRHC ) agrees to acquire the Aviata and ?hocotravel service platforms from Chocofamily Holding LLP, for purchase price of $32.3M.
• The addition to bolster online services.
• “This integration will allow us to interact with more than one million air travelers in Kazakhstan, who are an economically active category of the population. Through efficient communications with current customers of these service platforms, Freedom will be able to achieve significant synergies in attracting new customers to our banking platform and to integrate the Aviata and Chocotravel services into the payment system and insurance companies of our group," said Timur Turlov, Freedom CEO.
• The deal is expected to close before the end of the year.

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