Kazatomprom Plans To Sell 3 Non-core Companies

Kazatomprom Plans To Sell 3 Non-core Companies

Kazatomprom plans to sell 100% stake in the authorized capital of LLP «Astana Solar», LLP «Kazakhstan Solar Silicon» LLP and «MK« KazSilicon », said the press service of the national company.

“The starting price, requested for 100% of the shares in the authorized capitals of the three companies, is 4 billion 803 million 597 thousand tenge,” reads the message.

Sale of subsidiaries and affiliates is carried out within the business transformation program, with the goal of removing non-core assets of JSC NAC Kazatomprom and focusing the company’s activities directly on the atomic industry.

The tender will be held in accordance with the uniform rules, restructuring of assets of “Samruk-Kazyna” and organizations and more than 50% of voting shares directly or indirectly owned by “Samruk-Kazyna.

Acceptance of applications for the open two-stage tender will end on September 23, 2017.

JSC Kazatomprom plans to sell its 40% stake in JSC Caustic, said the national company .

“The starting price, requested for 40% stake, is 7 billion 440 million tenge,” reads the message.

Acceptance of applications for an open two-stage tender will end on September 25, 2017.

Sale of subsidiaries and affiliates is carried out within the business transformation program, with the goal of removing non-core assets of JSC NAC Kazatomprom and focusing the company’s activities directly on the atomic industry.

With reporting by KazTAG

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