27.10.2016 - Kazak SWF chief looks to increase pace of privatisation
Kazakhstan's sovereign wealth fund, Samruk-Kazyna, is looking to finally privatise many of its assets, after a series of false starts. The current privatisation push entails the transition of assets currently belonging to [the country’s sovereign wealth fund] Samruk-Kazyna towards a more competitive environment. The 44 largest companies in our portfolio will be largely privatised through initial public offerings [IPOs], in both the local and foreign markets. The percentage of capital on sale will vary case by case. It could be about 20% to 25%; although for assets where foreign investors are already part of the ownership structure, as is the case with [flagship air carrier] Air Astana, we will be looking to become minority shareholders.........................................Full Article: Source
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