Kazakhstan offers 300 state enterprises for privatization
By Aynur Jafarova
Kazakhstan will put about 300 state enterprises to privatization by late 2014, the Kazakh Deputy Finance Minister said on August 4.
The companies will be sold as part of the second wave of
privatization ordered by President Nursultan Nazarbayev, Ruslan
Dalenov said at the briefing in the Central Communications Service
under the Kazakh president.
"We will sell 295 enterprises until the year end... Their total
equity capital exceeded 1.5 trillion tenge (182.08 tenge =$1) as of
the end of 2013," he noted.
Dalenov also noted there are state companies, public utilities,
national holdings and their subsidiaries among the enterprises
offered for privatization.
A total number of 94 enterprises from this list have access to
public procurement, which allowed them to receive 25 billion tenge
of income.
The Deputy Minister went on to add that about 40 entities were
offered for auction within the privatization.
"The starting price for a state property was 49 million tenge.
Meanwhile, the final price hit 62.3 million tenge, i.e. almost 30
percent more...The most important peculiarity of the auction is
sale at a commercial price. There is no underestimation or quasi
government revenues in the form of coupons, vouchers, and so on,"
he noted.
The second wave of privatization planned for 2014-2016 will involve
853 state companies.