«Samruk-Kazyna» JSC can adjust selling assets deadlines within privatization in case of deteriorating economic conditions

«Samruk-Kazyna» JSC can adjust selling assets deadlines within privatization in case of deteriorating economic conditions

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20 February 2015

The management of «Samruk-Kazyna» JSC  conducted «round table» on «The second wave of privatization: first results of the program and its prospects in the new economic realities» in Almaty on February 20, 2015.

The event was  attended by the representatives of the Ministry of Finance of the Republic of Kazakhstan, heads of the Kazakhstan Stock Exchange, National Chamber of Entrepreneurs, Association of the financiers, deputies of the Parliament of the Republic of Kazakhstan, independent experts.

Participants of the «round table» summed up the first results of the privatization program launched in 2014 on behalf of the Head of State, discussed various initiatives to ensure its future success.

According to Deputy Chairperson of «Samruk-Kazyna» Yelena Bakhmutova, 59 assets of 64 planned were put at the auction in 2014. Terms of privatization of 5 assets were moved to 2016. To date, 24 companies worth over 24 billion tenge were realized, which greatly exceeds the amount of the assessment. In the framework of the «People's IPO» program «KEGOC» JSC entered the stock market as well.

In 2015 it is planned to sell 17 assets of the Fund, including such major companies as JSC «KazTransGas Aimak», JSC «Alatau Zharyk Kompaniyasy», JSC «Almaty Power Stations», LLP «AlmatyEnergoSbyt» LLP «Tegise Munai», etc.

Y.Bahmutova stressed that the Fund pays particular attention to economic feasibility, and fate of unsold companies also will be decided on the basis of this principle.