Acquisition in Kazakhstan

Mavelord Holding Limited is happy to announce that it enters the Republic of Kazakhstan through the acquisition of a local company operating in the underbanked consumer segment. The company provides electronics, furniture, and household products under rent-to-own agreements. The acquisition corresponds with Holding’s strategic growth plan aimed at expansion into new promising geographies and investment in lucrative business models. Effective integration of the newly acquired company, achievement of synergies, and exploitation of opportunities, which arise in the context of expanding the brand portfolio, along with further geographical development are the main areas of the management focus.