OREANDA-NEWS. March 18, 2010. SAT & Company completed acquisition of an-89% share in Open accumulative pension fund Otan from ATFBank, which is a part of the UniCredit Group, reported the press-centre of KASE.

Current shareholders:
SAT & Company - 89 %
Kazzinc - 3.5 %
Yuzhpolitmetall - 1 %
Myrzakent-Holding - 6.5 %

According to ATFBank's Chairman Alexander Piker the bank sold a share in the fund in attempt to focus on banking activities.

ATFBank became a fund shareholder in April 2004. On December 1, 2007 ATFBank became the main fund shareholder.

While holding a share in the fund, the bank increased the fund authorized capital up to KZT2.5 bn, which allowed for the fund strengthening its positions on the pension market. The UniCredit Group's subsidiary the bank brought all the best in management, built business processes, applied new IT technologies.

At the time being SAT&Company proved successful on the Kazakhstan market. A major shareholder, SAT&Company is intending to preserve and increase pension savings of fund depositors and planning to enforce financial standings of the fund, increase yield of pension assets, enhance service and attract new clients.