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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Market

Kazakhstan not planning near-term IPO of oil firm KMG

Posted on 03 November 2010

From Reuters: Kazakhstan’s sovereign fund Samruk-Kazyna said on Tuesday it has no plans to sell oil firm KazMunaiGas (KMG) through an initial public offering (IPO) in the near future.
CEO Samruk-Kazyna Kairat Kelimbetov told Reuters in an interview in London last month that the wealth fund could sell 10-20 percent in the oil firm through an IPO next year……………………………………….Full Article: Source

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