Major companies and holdings of Kazakhstan are ready to participate in the privatization program. Most facilities will be soon put up for auction. Some of these non-core assets are owned by the largest domestic companies, such as KazMunayGas, Kazakhstan Temir Zholy and Kazatomprom. Non-core assets of national companies may be purchased within the IPO program. This means that every citizen of Kazakhstan can become a co-owner of a major company and as a shareholder can receive dividends and fill up the family budget. Another part of the facilities, and there are many more, will be put up for electronic auction.

 

Dauren TASMAGAMBETOV, DEPARTMENT DIRECTOR, NATIONAL WELFARE FUND SAMRUK-KAZYNA:

 

Everyone understands that the auction should take place transparently. All decisions should be clear and understandable. Each solution must be offered with base arguments.

 

Kazatomprom will launch 50 subsidiaries in the competitive environment. Revenue from sales is expected at within 3 billion tenge. The facilities of privatization include metallurgical, energy and chemical companies. A total of 216 facilities of Samruk-Kazyna Fund will be privatized in Kazakhstan before 2020. 

 

Photo: vlast.kz

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