ASTANA, Kazakhstan, September 6. Kazakhstan will continue transferring quasi-public sector entities to a competitive environment or reorganize them, Trend reports.
This was stated at the Kazakh government meeting.
Thus, by the end of this year, an IPO/SPO of up to 5 percent of electric power organization company KEGOC is expected, in 2024 - Air Astana, in 2025 - QazaqGaz, Kazakhstan Railways (Kazakhstan Temir Joly, KTZ), Samruk-Energy.
In the People's IPO, the applications of Kazakhstanis are satisfied on a priority basis, as in the case of the IPO of KazMunayGas.
Kazakhstan's National Welfare Fund (Samruk-Kazyna) has sold 3 percent of KazMunayGas company's shares within the framework of the Initial Public Offering (IPO) on Astana International Exchange (AIX) and Kazakhstan Stock Exchange (KASE). Samruk-Kazyna sold a total of 18.3 million shares for a total price of around 153 billion Kazakh tenge ($331 million). In total 128,700 bids were received from Kazakh citizens during the IPO, which attracted 74.6 billion Kazakh tenge ($161.6 million). The company said in the statement that all bids from the country's citizens have been fully satisfied.
Around 72.7 billion Kazakh tenge ($157.5 million) was attracted by share sales to Kazakh legal entities, while 6.6 billion Kazakh tenge ($14.3 million) was generated by accepting the bids of foreign individuals and legal entities.
