20 April 2024
KazMunaiGaz stake could be sold through IPO
Publication date: 22 October 2010
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Kazakhs wealth fund Samruk-Kazyna could sell between 10% and visual_editor0% of state oil and gas company KazMunaiGaz through an initial public offering (IPO) in order to raise funds for the company’s industrial programme, according to reports on Thursday. Samruk-Kazyna controls assets worth $70 billion across Kazakhstan's economy, including 100% of Kazmunaigas.