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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Samruk-Kazyna deputy chairman: Cost of KazTransOil shares to increase by 10 pct

Posted on 30 November 2012

According to preliminary data, after receipt of applications for purchase of KazTransOil’s shares within the “People’s IPO” program is completed within the first month cost of shares may rise by 10 percent. Deputy Chairman of the Samruk-Kazyna National Welfare Fund, Kuandyk Bishimbayev made this statement at a press conference in Astana on Thursday. He believes that it is the minimum threshold in price increase, and a 10-percent increase is a good result.
“Therefore, we recommend to buy a great amount of shares in order to receive a substantial profit,” Bishimbayev said………………………………………..Full Article: Source


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