Altaris Holding Ltd. to acquire Zhaikmunai LLP and POSITIV Invest LLP

Altaris Holding Ltd. has agreed to acquire Zhaikmunai LLP and POSITIV Invest LLP in a cash asset sale. The transaction, valued at 304,600,000 USD, involves the purchase of energy sector assets. Both the buyer and the target entities are based in Kazakhstan. The deal was announced on 17 August 2026. The consideration for this acquisition is structured entirely as a cash payment. This transaction represents a significant move within the domestic energy landscape, involving the transfer of specific business units rather than the entire corporate entities. The headline offer reflects the total value attributed to the assets being transferred under the agreement. No other forms of consideration, such as equity or debt, were reported as part of the deal structure. The parties involved have confirmed the terms, which focus on the clean transfer of the specified assets. The process followed standard procedures for asset acquisitions in the region. The completion of this deal marks the finalisation of the commercial terms agreed upon by both sides.

The transaction was completed on 15 October 2026. The status of the deal is now recorded as completed, indicating that all necessary transfers and payments have been finalised. There are no outstanding regulatory approvals or pending conditions remaining for this specific asset sale. The integration of the acquired assets into Altaris Holding Ltd. is now underway. This conclusion brings the process to a close, with the new ownership structure fully established. The finalisation date confirms the timeline from announcement to completion was approximately two months. The energy sector in Kazakhstan has seen this asset transfer as a notable event. The cash consideration has been settled, and the legal ownership of the assets has shifted to the buyer. The deal stands as a completed transaction in the M&A archive.