Freedom Holding Acquires Majority Stake In Online Supermarket Arbuz
Portfolio Pulse from Benzinga Newsdesk
Freedom Holding (FRHC) has acquired a majority stake in Arbuz, an online supermarket and fresh food delivery service operating in Almaty and Astana, Kazakhstan. The acquisition process began in March 2023.
June 20, 2023 | 12:03 pm
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Freedom Holding's acquisition of a majority stake in Arbuz, a leading online supermarket in Kazakhstan, could potentially expand its presence in the food-tech industry.
The acquisition of a majority stake in Arbuz, a flagship marketplace in Kazakhstan's food-tech industry, could potentially expand Freedom Holding's presence in the sector. This could lead to increased revenues and growth opportunities for the company, positively impacting its stock price in the short term.
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