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Sovereign Wealth Funds Briefing - Categorized | Market

Kazakhmys completes sale of power-unit stake for $1.25 bln

Posted on 03 April 2014

Kazakhmys Plc (KAZ), Kazakhstan’s largest copper miner, has received $1.25 billion after completing the sale of its power unit to the nation’s sovereign wealth fund.
The company sold its remaining 50 percent interest in Ekibastuz LLP to Kazakhstan’s Samruk-Kazyna fund, Kazakhmys said in a statement today. It bought Ekibastuz in 2008 for $1.26 billion and sold a 50 percent stake to Samruk-Kazyna for $681 million in 2010, Kazakhmys said…………………………….Full Article: Source


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