Kazakh Sovereign Wealth Fund advises to buy at least 20 shares within People's IPO program

Photo: Kazakh Sovereign Wealth Fund advises to buy at least 20 shares within People's IPO program / Kazakhstan

Kazakhstan, Astana, Nov. 6 / Trend D. Mukhtarov /

Kazakh Sovereign Wealth Fund Samruk-Kazyna Head Umirzak Shukeyev has advised the people to buy at least 20 shares in KazTransOil under the "People's IPO" program. Shukeyev said this during KazTransOil roadshow on Tuesday.

"I advise to buy at least 20-30 shares to feel the profit from participating in "People's IPO" project," Shukeyev said.


The People's IPO will allow Kazakh citizens to become co-owners of the biggest national companies.

The programme is being implemented from 2012 to 2015. The state companies have been divided into three groups. KazTransOil Company's shares will be placed in 2012. The shares of KEGOC, Air Astana, Kazmortransflot, Samruk-Energy and KazTransGas will be placed in 2013, Kazakh Railway, Kaztemirtrans in 2014, Kazatomprom and KazMunaiGas in 2015.

The process of accepting the bids to purchase KazTransOil's shares within the programme has begun in Kazakhstan today.

The cost of the company's share was set at 725 tenge (150.86 tenge = 1 dollar).

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