SAMRUK- KAZYNA TO IMPLEMENT ANOTHER ASSETS WITHIN THE FRAME OF PRIVATIZATION PLAN

 SAMRUK- KAZYNA TO IMPLEMENT ANOTHER ASSETS WITHIN THE FRAME OF PRIVATIZATION PLAN

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06 November 2020

In the amount of KZT 9.5 billion, the Samruk-Kazyna group of companies sold a 30% stake in the authorized capital of Aktobe Rail and Steel Works LLP (ARBZ). Funds from the sale of assets under the privatization program will be distributed based on the decision of the Sole Shareholder of the Fund of the Government of the Republic of Kazakhstan.

By direct targeted sale, Transport Technologies LLP (the second ARBZ participant) acquired a 30% stake in Remlokomotiv JSC in the authorized capital of ARBZ.

The sale of a small asset was carried out within the framework of the Comprehensive Privatization Plan for 2016-2020, approved by the Resolution of the Government of the Republic of Kazakhstan No. 1141 of 12/30/15.

At the moment, the privatization plan, approved by the government of the Republic of Kazakhstan, has been completed by 83%: implemented - 87, reorganized - 11 and liquidated - 42. Currently, 8 large assets and 20 small assets of Samruk-Kazyna JSC are involved in the withdrawal process.