CEO of «Samruk-Kazyna» JSC presented the Fund’s privatization program in Poland
CEO of «Samruk-Kazyna» JSC (hereinafter - the Fund) Umirzak Shukeyev presented the Fund’s privatization program at the Kazakh-Polish business forum in Warsaw, which was held in the framework of the state visit of the President of the Republic of Kazakhstan to the Republic of Poland.
Mr. Shukeyev told about the large-scale privatization program of the Fund for 2016-2020, the main purpose of which is to increase the efficiency of the economy of Kazakhstan. As a part of the program, 216 assets of the Fund's group divided into 2 lists are planned for transition to competitive environment.
«The privatization program has already been launched and is underway. When implementing the program, Samruk-Kazyna is committed to ensuring equal rights to investors and process transparency,» CEO of «Samruk-Kazyna» JSC said. «Privatization principles have been defined for each of two lists. When selling of the largest assets from List 1, priority will be given to find appropriate solutions, rather than speed. Thorough pre-sale preparation is required to bring them into a competitive environment, with IPO seen as a preferred approach. The Astana International Financial Center stock exchange now being created in Kazakhstan is seen as the priority marketplace for IPOs. Additional listing on foreign exchanges is also possible. All investor categories will enjoy equal rights.”
In addition, U. Shukeyev held a meeting with the Chairman of the Polish Development Fund Paweł Borys on mutual cooperation.
Notes: As a part of the Comprehensive privatization plan for 2016-2020, «Samruk-Kazyna» JSC implements 216 assets in a competitive environment. They are divided into 2 lists. The first list includes 44 large-scale assets, 7 of which will be offered at the IPO. They are «Kazakhstan Temir Zholy» JSC, «Samruk-Energy» JSC, «Kazatomprom» JSC, «Kazpost» JSC, «KazMunayGas» JSC, «Tau-Ken Samruk» JSC and «Air Astana» JSC. The privatization of the remaining 37 assets has been started in 2016 and will be completed before the end of 2018. The second list consists of 172 companies. Their transfer to the private sector will be carried out mainly by means of the electronic auction.