Shares Of Tauken Samruk, Qazaq Air And Kazakhtelecom To Be Sold To Strategic Investors

Shares Of Tauken Samruk, Qazaq Air And Kazakhtelecom To Be Sold To Strategic Investors

The shares of the national company TauKen Samruk, Qazaq Air and Kazakhtelecom are planned to be sold to the strategic investors, said Umirzak Shukeyev, chairman of Samruk-Kazyna sovereign wealth fund.

“As for the IPO, it concerns Kazatomprom, Air Astana, Kazpost, KMG, Samruk-Energy and KTZ. Three assets are planned to be sold to the strategic investors- Tauken Samruk, Qazaq Air and Kazakhtelecom,” he said at the session of the Government.

As for the IPO, he said the first stage has been completed, the investment banks have been chosen, the IPO office has been formed in all the companies.

“As for the IPO of Kazatomprom and Air Astana, we have conducted the meetings of all the parties, we have planned financial and legal expertise of the assets. An expertise will be made for Kazakhtelecom to choose the method of sale- SPO or sale to a strategic investor, in the future we will hire an investment bank. These companies are planned to be offered in 2018, but it will depend on the macroeconomic situation and preparedness of the market,” he said.

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