43 IPOs lined up in Kazakh privatisation programme

Kazakh privatisation programme: Kazakhstan is planning  to sell off stakes of at least 25% in 43 large state-owned companies via initial public offerings (IPOs) in 2016-17, the state-run Samruk-Kazyna sovereign wealth fund said yesterday, as the country braces itself for a lunge in oil revenues sue to falling prices. The stakes – estimated to have a combined value of $8.1bn – will be floated on the stock exchange in Astana. 
Shares in  KazMunaiGas (oil and gas), Kazatomprom (uranium), Kazakhstan Temir Zholy (railways) Tau-ken Samruk (mining) Samruk-Energo will all be put up for sale. 182 ‘non-core assets’ are also to be auctioned off.

Source: AKIpress