Azerbaijan, Baku, Nov 14 / Trend E. Kosolapova/
Kazakh national carrier Air Astana can not take part in People's IPO program, Deputy Chairman of Kazakh Sovereign Wealth Fund Samruk-Kazyna Kuandyk Bishimbayev told journalists on Wednesday, Novosti-Kazakhstan reported.
"Maybe Air Astana will not take part in People's IPO," Bishimbayev said.
Earlier it was planned to place Air Astana's shares within People's IPO program in 2013.
According to Bishimbayev, Samruk-Kazyna does not plan to deny the controlling interest in Air Astana. Currently Samruk-Kazyna has 51 percent share in the company, other shareholder BAE Systems has 49 percent in the company.
Meanwhile, Samruk-Kazyna does not hold talks with BAE Systems on purchasing a part of its package at the moment, Bishimbayev said.
Earlier Samruk-Kazyna planned to purchase some BAE Systems' shares in Air Astana to maintain the controlling interest in the company after selling some its shares within People's IPO program.
The People's IPO will allow the Kazakh citizens to become co-owners of the major national companies.
The programme envisages a phased placement of the shares of the biggest and stable state companies on the stock market in 2012-2015. KazTransOil Company is conducting the IPO in 2012. The shares of KEGOC, Air Astana, Kazmortransflot, Samruk-Energy and KazTransGas will be placed in IPO in 2013. Kazakh Railway, Kaztemirtrans will hold IPO in 2014, with Kazatomprom and KazMunaiGas in 2015.
