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7.3% Kazakhstan residents would like to buy shares in People’s IPO

05 september 2012, 18:45
0
Photo courtesy of pm.kz
Photo courtesy of pm.kz
7.3 percent of the polled Kazakhstan residents would like to purchase shares of state companies as part of People’s IPO, pm.kz writes citing the press-service of Samruk-Kazyna National Welfare Fund.

According to the Fund, the plan is to involve at least 160 thousand of individuals, or around 1 percent of the country’s population, in the program in 2012-2015.

The People’s IPO program will be implemented in 3 steps between 2012 and 2015. The state companies that will float their share have been divided into 3 groups.

KazTransOil will be the first company to place its shares in 2012. KEGOC, Air Astana, KazTransGas, Samruk-Energo, KazTransMorFlot will float in 2013. Kazakhstan Temir Zholy, KazTemirTrans will offer their shares in 2014. KazAtomProm and KazMunaiGas will be the last to take part in the program in 2015.

Earlier a meeting on implementation of the People’s IPO program was held in Almaty to discuss practical actions the citizens have to take to participate in the program and buy the shares.

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