Kazakh Samruk-Kazyna To Auction Off 13 Companies Online

Kazakh Samruk-Kazyna To Auction Off 13 Companies Online13 assets of the National Welfare Fund “Samruk-Kazyna” decided to implement the method of the electronic auction. In particular, in this way they will be put up for auction 7 companies KTZ 100 per cent stake in the “Bass Balkhash 2004”, “MAK-Ekibastuz”, “Centre of transport services”, “Rauan Burabay” and “Magistral Қyzmeti”; 50% stake in the “SP” KazElektroPrivod “and 90% stake in OOO” Regional Logistics forward. ” This decision was taken following a meeting of the State Commission on the modernization of Kazakhstan’s economy.

Through electronic auction will be implemented 100 percent share of “NC” Kazakhstan Engineering “in the” Instrument-making plant «Omega» and «832 Autorepair factory KI”, as well as 42.13% of shares in “ZIKSTO”.
“United Chemical Company” implements an electronic auction 25% stake in LLP “UCC Engineering”. KazMunaiGas to sell 12.87% stake in the “Kaskor-Transservice”, in which the composition is Semurg Invest Temir Zholy.

Recall that in the framework of the Comprehensive privatization plan for 2016-2020 years, approved by the Government of the Republic of Kazakhstan December 30, 2015, the Fund sells assets 216 (or a share in the assets), which are divided into 2 of the list. The first list included 44 strategic asset that will be implemented in 2018-2020. Implementation of 172 non-core assets is carried out, starting from 2016.

At the moment of the second asset list 33 is implemented. Published notice of the auction but not yet implemented 8 companies, some of them have been repeated ad. At the final stage is the process of implementation of the 4 assets – subsidiaries KMG International NV Of the 12 assets to be reorganization, reorganized 5 companies. 14 of the 59 assets liquidated. The amount of the sale of assets as part of the Comprehensive privatization plan for today is 7.3 billion tenge.