Kazakhstan Kagazy agrees settlement with Zhunus

Kazakhstan Kagazy Group has agreed a settlement over the litigation it brought against Baglan Abdullayevich Zhunus.

The company started proceedings against Zhunus, Maksat Askaruly Arip and Shynar Dikhanbayeva in the High Court in August 2013.

The group says it will continue to pursue its claims, which stand at USD250 million, against Arip and Dikhanbayeva.