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Four big Kazakhstani companies will offer their shares during the People's IPO.
KEGOC might float its shares at the People’s IPO in Kazakhstan in December 2014.
“It’s the privilege of the Government to decide on timing of the IPO (…) If there’s a decision, we will be able to float the Company’s shares within half a year”: the Company’s Chairman of the Board.
According to President Nazarbayev, the IPO for the general public will enable citizens to purchase shares of the largest Kazakh companies, giving them a new tool for investments and savings.
This step certifies the company’s serious intention to hold leading positions in corporate management in Kazakhstan: chairman.
The deadline for KEGOC to float its stock as part of the People’s IPO in Kazakhstan has been put off.
KEGOC has completed the preparatory work and internal procedures for the IPO.
This year we expect to receive over 8 billion tenge in net profit: KEGOC chairman. He believe his company independent from the market.
Acceptance of applications for common shares of KEGOC under the People's IPO program will start on May 13.
The second stage of the People's IPO in Kazakhstan will start this year with selling of KEGOC shares in Q2.
Kazakhstan's KEGOC has been instructed to decrease its export of power to Russia.
Fitch Ratings has upgraded ratings of Kazakhstan national companies Temir Zholy (railroad operator) and KEGOC (electricity grid operator).
Thieves stole anchors from the supports at Kazakhstan-Russia high-voltage line.
The stake to be floated will make up 5-15% of the stock: Bakytzhan Kazhiyev, Head of KEGOC.
Approved the appointment of Bakytzhan Kazhiyev as Head of KEGOC: Karim Massimov.
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