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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Market

Kazakh oil pipeline company aims to raise $186 mln in IPO

Posted on 31 October 2012

Kazakhstan’s oil pipeline monopoly aims to raise $186 million in a share offering designed to attract private investors, the head of the country’s sovereign wealth fund said on Tuesday.
KazTransOil’s will launch an initial public offering (IPO) of 10 percent of the company minus one share by the end of the year, becoming the first state-run enterprise to take part in the former Soviet republic’s “People’s IPO” programme. The company will sell shares at 725 tenge ($4.81), with priority given to local retail investors, said Umirzak Shukeyev, chief executive of the sovereign wealth fund Samruk-Kazyna………………………………………..Full Article: Source


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