Kazakhstan plans to sell 325 state-owned objects in 2017

Business Materials 11 April 2017 12:20 (UTC +04:00)

Baku, Azerbaijan, April 11
By Elena Kosolapova - Trend:
Kazakhstan plans to sell 325 state-owned objects and companies within the privatization program in 2017, Kazakh Finance Minister Bakhyt Sultanov said, presenting a report at the government meeting.

As much as 30 of these objects and companies are owned by directly by the state, 117 – by municipal administrations, 67 – by National Holdings and 51 – by socio-entrepreneurial corporations.

As much as 29 objects planned for privatization in 2017 are the prioritized ones, including 8 objects owned directly by the state, one object owned by Sumruk-Kazyna National Fund and one owned by Baiterek National Holding.

In 2018 within the privatization program Kazakhstan plans to sell 61 state-owned objects, including 4 objects owned directly by the state, 19 objects owned by municipal administrations, 35 objects owned by National Holding and 3 objects owned by socio-entrepreneurial corporations.

In 2018 it is planned to sell 21 state-owned masthead objects, including one object owned by municipal administrations, 10 – by Samruk-Kazyna National Fund, three - by Baiterek National Holding, three - by KazAgro National Holding and four – directly by the state.

In 2019-2020 it is planned to sell 18 biggest companies owned by Samruk-Kazyna. As much as 8 of them will be sold in the framework of IPO/SPO.

The minister noted that the privatization was fostered and the target plan within the privatization program was updated in order to complete the program by the end of 2018 in line with the presidential order.

The privatization program was initiated by Kazakh President Nursultan Nazarbayev. Within the privatization plan, Kazakhstan will transfer such large state-owned companies as Kazakhstan Railways, KazMunaiGas, Kazatomprom, Samruk-Energy, Tau-Ken Samruk, Kazpost, Air Astana, Kazgeology, Kazmortransflot National Maritime Shipping Company, Atyrau Refinery, Pavlodar Petrochemical Plant, and PetroKazakhstan Oil Products to a competitive environment.

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