Kazakhstan makes changes to Samruk-Kazyna privatization list

Kazakhstan Materials 14 April 2017 23:12 (UTC +04:00)

Baku, Azerbaijan, Apr. 14

By Elena Kosolapova – Trend:

Kazakh Government has made changes to the list of the National Wealth Fund Samruk-Kazyna’s companies to be privatized in 2016-2020, the Fund said in a message April 14.

The list now includes Kirov Machine Building Plant, Semipalatinsk Machine Building Plant, Tynys JSC, Kazakhstan Aviation Industry LLP and Energia Semirechya LLP.

Kirov Machine Building Plant produces equipment for the mining, railway, oil, agricultural and defense sectors. Kazakhstan Aviation Industry manufactures and repairs aviation equipment. Tynys produces medical equipment, manometers, electrical installation products, fire extinguishing tools, polyethylene pipes, geo-textiles, gas fittings and aviation products. Semipalatinsk Machine Building Plant produces caterpillar tracks and spare parts for tractor haulers, general mechanical engineering products, spare parts for automotive engineering and metal structures. Energia Semirechya develops wind energy in the Almaty Region.

Meanwhile seven companies have been removed from the Fund’s list of assets to be privatized. They are Militarized Railway Guard JSC, Kazakhstan Petrochemical Industries, which owns Aktau Plastics Plant and Atyrau Chemical Plant, Kairat Football Club, Korgan-Kazatomprom LLP, which guards Kazatomprom’s facilities, Arsenal Machine Building Plant, Kazatomprom Sulfuric Acid Plant and Ulan company.

After the amendments made, 215 of Samruk-Kazyna’s assets are planned to be privatized in 2016-2020. To date, the Fund has sold 124 of these assets. The remaining assets are scheduled to be sold by the end of 2018, except for the Fund's six largest companies: air carrier Air Astana, atomic company Kazatomprom, Samruk Energy, oil and gas company KazMunaiGas, Kazpost and railway company Kazakhstan Temir Zholy, which are set to be privatized through IPOs, provisionally by 2020.
The privatization program was initiated by Kazakh President Nursultan Nazarbayev.