Kazakhstan to sell about 300 state enterprises in 2014

Photo: Kazakhstan to sell about 300 state enterprises in 2014 / Kazakhstan

Baku, Azerbaijan, August 4
By Elena Kosolapova - Trend:

Kazakhstan will sell about 300 state enterprises to the competitive environment through the end of 2014, Kazakh Prime-Minister's web site reported on August 4.

"We will sell 295 enterprises until the year end... Their total equity capital exceeded 1.5 trillion tenge (182.08 tenge =$1) as of the end of 2013," Ruslan Dalenov, Kazakh Vice Finance Minister said at the briefing in the Central Communications Service under Kazakh president.

The sale will be carried within the second wave of privatization in Kazakhstan which was ordered by President Nursultan Nazarbayev.

There are republican companies, public utilities, national holdings and their subsidiaries among the enterprises offered for privatization, Dalenov said.

A total number of 94 enterprises from this list have access to public procurement, which allowed them to receive 25 billion tenge income.

The Vice Minister said that about 40 entities were offered for auction within the privatization.

"The starting price for this state property was 49 million tenge. Meanwhile the final price hit 62.3 million tenge, i.e. almost 30 percent more...The most important peculiarity of the auction is sale at a commercial price. There is no underestimation or quasi government revenues in the form of coupons, vouchers, and so on," he noted.

The second wave of privatization planned for 2014-2016 will involve 853 state companies, according to Ruslan Dalenov.

Edited by C.N.

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