| A deal worth $5.5 million was struck March 9 between Samruk Kazyna Sovereign Wealth Fund and KMG Kashagan B.V. The action followed a corresponding decision made in December by the wealth fund’s board of directors, according to the fund’s letter published March 11 on the Kazakhstan Stock Exchange (KASE) website.
KMG Kashagan B.V. owns 16.88 percent of Kashagan oil and gas field. The deal notification specifies the property which is the subject of the transaction is valued at $5.5 million, or 0.02 percent of Samruk Kazyna’s total assets. KMG Kashagan B.V.’s shares were purchased by advance payment, according to the document...............................................Full Article: Source
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