«Samruk-Kazyna» JSC Group of companies plans to sale 14 companies in September 2014

«Samruk-Kazyna» JSC Group of companies completes preparation of presale of assets planned for privatization in September 2014. 

«In September 2014 the Fund plans to auction 14 companies. The assessment procedure on these assets is currently being finalized,» Deputy Chairman of the Board of «Samruk-Kazyna» JSC Yelena Bakhmutova said at the briefing in Central Communications Service on September 10, 2014 in Astana.

She noted that it is planned to sellout nine companies of «Kazakhstan Temir Zholy» JSC, two of «Kazakhstan Engineering» JSC, one subsidiary of «KazMunayGas» JSC and two of «Samruk-Kazyna».

Assets of JSC NC «Kazakhstan Temir Zholy» will be sold via electronic tender, where the terms include the need to maintain the profile of the enterprises and preserve work places. The remaining assets will be implemented by electronic auction without any conditions.

Deputy Chairman of the Board of the Fund stressed that the Fund has made every effort to ensure maximum transparency in the sale of assets. Information on objects for sale has been promptly updated on the site of the State Property Committee of the Ministry of Finance of the Republic of Kazakhstan. The Fund has actively promoted information to potential investors, specially created call-center has been operated (+ 7 (7172) 55 22 66).

To ensure transparency of the privatization process, «Samruk-Kazyna» JSC has formed Commission on the sales of assets and facilities, which included members of the Parliament of the Republic of Kazakhstan and representatives of the National Chamber of Entrepreneurs.

The Government of the Republic of Kazakhstan jointly with «Samruk-Kazyna» JSC has developed a comprehensive privatization plan for 2014-2016 within the implementation of the President's orders. It is planned to privatize 106 assets and facilities of the Fund, 64 of which are scheduled to be sold out by the end of 2014. Implementation of the program is designed to reduce state involvement in the economy and strengthen its foundations by increasing share of the private sector.

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