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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Kazakh wealth fund orders BTA, oil company to divest assets

Posted on 26 January 2012

Kazakhstan’s sovereign-wealth fund ordered BTA Bank, which is seeking a second debt restructuring in as many years, to sell construction assets as part of an initiative to make state-controlled companies more efficient.
The state-owned oil and gas producer, KazMunaiGaz National Corp., and railway monopoly Kazakhstan Temir Zholy will also divest investments that fall outside the scope of the companies’ primary activities, Umirzak Shukeyev, head of the Samruk-Kazyna fund, told reporters today in the capital, Astana………………………………………..Full Article: Source


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