11 April 2018, Shanghai. Samruk-Kazyna JSC (“the Fund”) has conducted Investor Day at the Shanghai Stock Exchange. The event was held as a part of the implementation of the Privatisation Programme, which involves the sale of 215 Fund's assets in a competitive environment.
The heads of the Fund’s portfolio companies, operating in the energy, transport and logistics, mining and petrochemical sectors, spoke about the investment opportunities in Kazakhstan and the competitive advantages of companies taking into account their dynamics and the regional and global market conditions.
Akhmetzhan Yessimov, CEO of Samruk-Kazyna JSC, remarked:
"The development of the Fund and its portfolio companies is a part of major positive changes in Kazakhstan. Our country is actively expanding private sector, reducing the share of the state and getting great results in the modernization of our economy. I encourage our Chinese colleagues to invest more actively in our oil and gas, transport and logistics, mining and telecommunications projects."
Seven out of nine largest assets will be privatised through IPOs. The sale of these companies will be carried out in stages until 2020. The first stage businesses to go public include Kazakhtelecom, Air Astana and Kazatomprom, the second stage - Samruk-Energy and Kazmunaigas, the third - Kazpost and Kazakhstan Temir Zholy. The Fund plans to attract strategic investors to two companies: Tau-Ken Samruk and Qazaq Air.
Huang Hongyuan, President of Shanghai Stock Exchange, commented:
“Kazakhstan is the second largest trading partner of China in the CIS and key investment direction. In 2017, bilateral trade between China and Kazakhstan reached USD 18 billion. We believe that participation in One Belt, One Road initiative and Nurly Zhol economic policy will allow Kazakhstan to create new opportunities for investment and infrastructure construction, which have great potential for cooperation between the two countries.”
According to Samruk-Kazyna's management, privatisation plays a key role in the implementation of the Fund's development strategy. It will increase the competitiveness and deliver value of the Fund’s group of companies, improve the quality of corporate governance. Enterprises will be able to access new technologies and know-how through partnership with strategic investors. Some portfolio companies, such as Kazakhtelecom, a leader of the telecommunications market of Kazakhstan, and Air Astana, already have private shareholders. Tulpar-Talgo has established the production of passenger cars with the Spanish company Talgo. Lokomotiv kurastryru zauyty produces electric locomotives using the technologies and know-how of the French company Alstom. Samruk-Kazyna plans to use the funds raised to develop new projects and industries.
In addition, CEO of Samruk-Kazyna held a number of meetings with the management of the Hong Kong Stock Exchange.