Kazakh billionaire Turlov's investment firm plans $300 million agriculture deal
FRHC•An investment company owned by Kazakh billionaire Timur Turlov plans to acquire at least a 51% stake in Ak Zhayik Capital for $300 million. The deal is expected to close in March 2027.
1. Planned majority stake
Turlov Private Holding plans to acquire at least a 51% stake in Ak Zhayik Capital, whose assets include the Grain Consortium of Kazakhstan. The consortium comprises 22 agricultural companies and six grain elevators.
2. Consortium assets
The consortium has a land bank of almost 910,000 hectares and sells grain, seeds and animal feed wholesale. Turlov said the investment is not speculative and that the firm does not intend to exit over a five- to 10-year horizon.
3. Possible local listing
Turlov said an asset of this scale could have the potential for an IPO, and that the firm does not exclude a local-market listing within the next three to five years. Turlov Private Holding manages the personal investment assets of Turlov, CEO of Freedom Holding Corp.
