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Sovereign Wealth Funds Briefing - Categorized | Market

Kazakhstan prepares for major privatizations

Posted on 22 June 2010

From Reuters: Kazakhstan is ready to cut stakes in key companies to modernize the economy, and is looking to sell banks and energy assets in the next five years, the head of the sovereign wealth fund Samruk-Kazyna said.
“We are in discussions. A political decision is pending. For many large companies linked to Samruk-Kazyna there is talk of IPOs within 3-5 years,” Kairat Kelimbetov, chairman of the fund, whose holdings exceed $70 billion, told Reuters in interview……………………………………….Full Article: Source

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