Kazakhstan’s Kazatomprom to sell its share in several subsidiaries

Business Materials 5 January 2021 15:29 (UTC +04:00)
Kazakhstan’s Kazatomprom to sell its share in several subsidiaries

BAKU, Azerbaijan, Jan. 5

By Nargiz Sadikhova - Trend:

Kazakhstan’s Kazatomprom National Atomic Company JSC will hold an auction for the sale of 100 percent of shares in the authorized capital of MK KazSilicon LLP, Astana Solar LLP and Kazakhstan Solar Silicon LLP, Trend reports citing the Kazatomprom.

The company said that the sale of the Participatory Interest is carried out in accordance with the Unified Rules for the Sale, Restructuring of Assets by the «National Welfare Fund Samruk-Kazyna JSC and organizations, more than fifty percent of voting shares (participation interests) of which are directly or indirectly owned by «Samruk-Kazyna» JSC and the Regulations for conducting electronic auctions for the sale of property on the web portal of the state property register.

More information on the bidding is available here.

In order to ensure participation in the auction of a wider range of potential investors, also taking into account the holidays, an auction announcement will be published on the portal, an extension of the term from 15 to 45 calendar days.

Kazatomprom is the world's largest producer of uranium, with the company’s attributable production representing approximately 24 percent of global primary uranium production in 2019. The Group benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 26 deposits grouped into 14 mining assets.

All of the Company’s mining operations are located in Kazakhstan and mined using ISR technology with a focus on maintaining industry-leading health, safety and environment standards.


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