Kazakh rail enterprises biggest draw in privatisation programme

Samruk Kazyna CFO Nurlan Rakhmetov

Interest in Kazakh rail enterprises helped Kazkahstan’s sovereign wealth fund Samruk-Kazyna offload 12 of the 64 assets it put up for sale under the country’s privatisation programme last year, its CFO Nurlan Rakhmetov told Trend this week. Proceeds from the sale amounted to KZT4.12bn compared to an original valuation of KZT2.5bn. Enteprises operating in Kazakhstan’s rail sector had attracted the most interest, he said.
Set up in 2008, the Samruk-Kazyna National Welfare Fund manages all of Kazakhstan’s state-owned assets including KazMunaiGas; the rail operator; Kazakhstan Temir Zholy; Kazakhstan Electricity Grid Operating Company (KEGOC);  Kazakhtelecom; and Kazatomprom.Trend