April 14, 2014 Umirzak Shukeyev, Head of Samruk-Kazyna Sovereign Wealth Fund, announced a list of companies to run IPOs in 2014-2016 and unveiled plans to privatize some state-owned companies.
April 14, 2014 Umirzak Shukeyev, Head of Samruk-Kazyna Sovereign Wealth Fund, announced a list of companies to run IPOs in 2014-2016 and unveiled plans to privatize some state-owned companies.
“In 2014 plans are there to float 10% minus one share in Kazakhstan Electricity Grid Operating Company (KEGOC) and 75% in Mangistau Distribution Company. 100% in the Atyrau thermal power plant, 75.6% in Temirzhol Zhondeu, 51% in Temirzhol Energo, 49% in Semser Security; 51% in Lokomotiv-2030, 50% in Zhambyl regional power plant will be offered through auctions”, Shukeyev said.
According to Shukeyev, 10% minus one share in Samruk-Energo, up to 49% in KazTransGasAimak and KazTransGas-Almaty, 49% in Transtelecom, and 10% minus one share in KazTemirTrans will be floated in 2015. “Shares in 14 companies, including Eurasia-Air and KazMortransFlot owned by KMG will be offered through auctions”, he elaborated.
Shares in Kazakhstan Temir Zholy, KazAtomProm and in 12 service companies owned by KMG are expected to be offered in 2016.
Mr. Shukeyev said that the Fund in partnership with the Government is developing a privatization program for 2014-2016. “Plans are there to offer shares in 103 companies belonging to Samruk-Kazyna in 2014-2016. These are companies that are part of Kazakhstan Temir Zholy, KazMunaiGas, KazAtomProm, Samruk-Energo, KEGOC, Kazakhstan Engineering, MaikaInzoloto, and others. Shares in 93 companies will be offered through auctions, with shares in 10 companies being floated at the stock market, including under the People’s IPO Program”, Mr. Shukeyev elaborated.