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Sovereign Wealth Funds Briefing - Categorized | Financials, Trends

Kazakh wealth fund says 34 firms sold in privatisation drive

Posted on 22 September 2016

Kazakhstan’s $65 billion sovereign wealth fund Samruk-Kazyna has sold 34 small and mid-sized companies by public auction as part of its privatisation drive, a managing director of the fund said on Wednesday.
Baljeet Grewal declined to say who had bought the companies, or how much has been raised in the first phase of an ambitious five-year plan which will culminate in public offerings of stakes in some of the country’s biggest companies. The oil-rich Central Asian nation was hit hard by the collapse in world oil prices from a high of $115 in June 2014 to a trough of $27 in January 2016…………………………………….Full Article: Source


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