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Sovereign Wealth Funds Briefing - Categorized | Market

Kazakhstan’s national companies face major restructuring

Posted on 26 November 2015

Kazakhstani national companies will soon be facing a major restructuring. Samruk Kazyna National Wealth Fund plans to cut expenditures by 519 billion tenge ($16.9 billion) by selling non-core assets to increase the company’s value after major changes. As the national wealth fund, Samruk Kazyna is bound to conduct various social projects. Yet, to increase the return, the fund plans to get rid of a number of companies that are currently part of the fund.
Samruk-Kazyna is a sovereign wealth fund and joint stock company in Kazakhstan which owns, either in whole or in part, many important companies in the country, including the national rail (Kazakhstan Temir Zholy) and postal service (KazPost), state oil and gas company KazMunayGas, state uranium company Kazatomprom, Air Astana, and numerous financial groups………………………………………..Full Article: Source


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