President encourages privatization of objects owned by national holdings
449
30 November 2015
Now, according to the President, it is important to remove restrictions on the privatization of the public sector. It is necessary to revise certain provisions of the Law on State Property and the Civil Code, reduce the list of strategic facilities that are not subject to privatization.
"Privatization should be carried at fair market value: open and competitive. Placement of shares on the stock market and public auctions should be the key mechanisms. It is necessary to create conditions for the maximum participation of local and foreign investors. I am instructing the Government to cancel the pre-emptive rights of shareholders to acquire alienated shares"- said N. Nazarbayev.
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