Kazakh businessman Yesenov looks to consolidate 100% of Jusan Bank owner

ALMATY. Sept 22 (Interfax) - Kazakh businessman Galimjan Yesenov, who consolidated 97.98% of the First Heartland Securities investment company in the summer, has offered to buy the remaining shareholders out.

First Heartland Securities said Yesenov was offering to buy the remaining shareholders out for 51,498 tenge per share.

Minority shareholders own 21,162 shares or 0.25% of First Heartland Securities. It will cost 1.09 billion tenge or $2.29 million to buy them out. The company has another 1.77% of the shares its own balance sheet.

The Kazakhstan Stock Exchange suspended trading in the company's shares on Friday.

The investment company's major asset First Heartland Jusan Bank, which ranks sixth among Kazakhstan's 21 banks by assets. Jusan Bank has 118 branches in 43 towns and cities, more than 3 million customers and 6,000 employees. First Heartland Securities owns 78.23% of the shares and Yesenov owns 19.67%.