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Announced

Freedom Holding to acquire MKM Partners.

Synopsis

Freedom Holding, a financial services holding company conducting retail financial securities brokerage, investment research, investment counseling, securities trading, investment banking and underwriting services and consumer banking through its subsidiaries, agreed to acquire MKM Partners, a trading firm. Financial terms are not disclosed. "MKM Partners is a well-respected institutional equity trading, sales, and research firm. With one of the largest distribution forces in the US and a team of distinguished strategists and research analysts, MKM will further enhance Freedom's international team and extend our activities focused on US growth," Timur Turlov, Freedom CEO.

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