On the Record · Freedom Holding
Freedom Holding acquisitions, on the record
The businesses Freedom Holding bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
JSC Kassa Nova BankWord for word“In December 2020 we completed the acquisition of JSC Kassa Nova Bank, a Kazakhstan consumer bank with 10 branch offices across Kazakhstan, which we subsequently renamed Bank Freedom Finance Kazakhstan JSC and which, in May 2024, we subsequently renamed to Freedom Bank Kazakhstan JSC ("Freedom Bank KZ").” 10-K for 2024 | acquisition | December 2020 | — |
Prime Executions, Inc. ("PrimeEx")Word for word“In December 2020 we completed the acquisition of Prime Executions, Inc. ("PrimeEx"), a registered agency-only execution broker-dealer on the floor of the New York Stock Exchange, which represented our initial entry into the U.S. market.” 10-K for 2024 | acquisition | December 2020 | — |
Russian subsidiaries (Freedom RU and Freedom Bank RU)Word for word“In February 2023, we divested our Russian subsidiaries, including all of their offices and employees.” 10-K for 2024 | divestiture | February 2023 | — |
Paybox Technologies LLP (now called Freedom Technologies LLP) and its subsidiariesWord for word“One of our key digital products is the Paybox payment platform, which we acquired as part of our acquisition of Paybox Technologies LLP (now called Freedom Technologies LLP) and its subsidiaries in February 2023.” 10-K for 2024 | acquisition | February 2023 | — |
JSC Insurance Company "London-Almaty"Word for word“On August 27, 2022, we acquired 100% of JSC Insurance Company "London-Almaty" ("London-Almaty"), a Kazakhstan insurance company, and on December 19, 2022, this company was merged into Freedom Insurance.” 10-K for 2024 | acquisition | August 27, 2022 | — |
Ticketon Events LLP ("Ticketon")Word for word“We have recently expanded our digital product portfolio with the acquisition of Ticketon Events LLP ("Ticketon"), the largest online ticket sales company in Kazakhstan, actively working to create an e-commerce infrastructure in the field of culture and sports.” 10-K for 2024 | acquisition | — | — |
Internet-Tourism LLPWord for word“On April 26, 2023, we completed the acquisition of 100% of Internet-Tourism LLP, a Kazakhstan-based online aggregator for buying air and railway tickets, in order to expand our presence in the digital services ecosystem in Kazakhstan. The purchase price paid for the acquisition was $2.0 million.” 10-K for 2024 | acquisition | April 26, 2023 | $2.0 million |
Aviata LLPWord for word“On April 26, 2023, we completed the acquisition of 100% of Aviata LLP, a Kazakhstan-based online aggregator for buying air and railway tickets, in order to expand our presence in the digital services ecosystem in Kazakhstan. The purchase price paid for the acquisition was $31.3 million.” 10-K for 2024 | acquisition | April 26, 2023 | $31.3 million |
Arbuz Group LLP ("Arbuz")Word for word“As a result of a series of transactions, we effectively obtained control over Arbuz Group LLP ("Arbuz") on May 22, 2023, and as a result of other transactions we increased our ownership interest to 94.73% by December 31, 2023, with Timur Turlov owning the remaining 5.27%.” 10-K for 2024 | acquisition | May 22, 2023 | — |
Comrun LLP ("Rekassa")Word for word“On July 27, 2023, we completed the acquisition of 90% of Comrun LLP ("Rekassa"), a Kazakhstan-based digital service for cash transaction data management, in order to expand our presence in the digital services ecosystem in Kazakhstan. The purchase price paid for the acquisition was $3.1 million.” 10-K for 2024 | acquisition | July 27, 2023 | $3.1 million |
DITel LLP ("DITel")Word for word“On January 9, 2024, we completed the acquisition of 100% of DITel LLP ("DITel"), a provider of telecommunications services in Kazakhstan. The purchase price paid for the acquisition was $1.1 million .” 10-K for 2024 | acquisition | January 9, 2024 | $1.1 million |
Kassa Nova Bank JSC (renamed Freedom Bank Kazakhstan JSC)Word for word“In December 2020, we acquired Kassa Nova Bank JSC, a Kazakhstan consumer bank with 10 branch offices across Kazakhstan, which in May 2024, we renamed Freedom Bank Kazakhstan JSC ("Freedom Bank KZ").” 10-K for 2025 | acquisition | December 2020 | — |
Russian business units, including Freedom RU and its subsidiariesWord for word“In February 2023, we completed the divestiture of our Russian business units what included, inter alia, Freedom RU and its subsidiaries.” 10-K for 2025 | divestiture | February 2023 | — |
SilkNetCom LLP ("SilkNetCom")Word for word“Over the fiscal year ended March 31, 2025 we have also made a number of acquisitions, including the acquisition of SilkNetCom LLP ("SilkNetCom") in September 2024.” 10-K for 2025 | acquisition | September 2024 | — |
Remaining 5.27% ownership interest in ArbuzWord for word“During fiscal 2025, we acquired the remaining 5.27% ownership interest in Arbuz.” 10-K for 2025 | acquisition | During fiscal 2025 | — |
Kassa Nova Bank JSCWord for word“In December 2020, we acquired Kassa Nova Bank JSC, a Kazakhstan consumer bank with 10 branch offices across Kazakhstan, which in May 2024, we renamed Freedom Bank Kazakhstan JSC ("Freedom Bank KZ").” 10-K for 2026 | acquisition | December 2020 | — |
Russian business units, including LLC Investment Company Freedom Finance and its subsidiariesWord for word“In February 2023, we completed the divestiture of our Russian business units which included, inter alia, LLC Investment Company Freedom Finance and its subsidiaries.” 10-K for 2026 | divestiture | February 2023 | — |
Comrun LLPWord for word“During fiscal 2026, we divested our ownership interest in Comrun LLP.” 10-K for 2026 | divestiture | fiscal 2026 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2021-03-31 | $0 | — | — |
| 2022-03-31 | $0 | — | $0 |
| 2023-03-31 | $4 million | $0 | $7.9 million |
| 2024-03-31 | — | $0 | $38.3 million |
| 2025-03-31 | — | $2 million | $940,000 |
| 2026-03-31 | — | $2.5 million | $1 million |
Deal filings since 2016
- 2023-03-03 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2023-02-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-02-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-10-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-11-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-12-29 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2020-09-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-08-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-03-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-03-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
Read from Freedom Holding’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-06-01. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.