Azerbaijan, Baku, May 6 / Trend E. Kosolapova/
Kazakhstan Electricity Grid Operating Company's (KEGOC) is completely ready for People's IPO program, the company's spokesman Marat Mukhamedsaliev told Trend over phone on Monday.
"The company has already completed the corporate procedures and preparatory work for People's IPO program," Mukhamedsaliev said.
Meanwhile he could not give the exact information on the date when the company would start to accept the bids for its shares.
"This process will not be exactly launched on May 13 as it was expected. Preliminarily we plan to start receiving bids in the first half of the year. But the start date can be delayed to fall," Mukhamedsaliev said.
According to Mukhamedsaliev, the main shareholder of the company Kazakh Sovereign Wealth Fund Samruk-Kazyna will make a decision on the date when KEGOC's shares are set to People's IPO, amount of shares proposed within the program and price for share in the near future.
Meanwhile, head of Samruk-Kazyna Fund's information-analytical department Alibek Aldenei told Trend that the government and Samruk-Kazyna are expected to make a decision on these issues next week.
The People's IPO Program will allow Kazakh citizens to become co-owners of the nation's largest companies. The program's implementation is scheduled for 2012-2015. As a part of the program, KazTransOil company's shares were put up for sale in 2012.
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