KazTransOil’s share price announced
Kazakh Sovereign Wealth Fund Samruk-Kazyna has determined the
price for KazTransOil company's shares within People's IPO program,
Novosti-Kazakhstan quoted Samruk-Kazyna's Deputy Head Kuandyk
Bishimbayev as saying.
"The Board of Directors of Sovereign Wealth Fund Samruk-Kazyna has
determined the prices on KazTransOil's shares. A price per share
has been approved at 725 tenge (150.56 tenge = $1)," Bishimbayev
said.
In October, Kazakh citizens will be offered to purchase 10 percent
of KazTransOil's shares within People's IPO program.
The People's IPO program should enable people to become owners of shares of the country's largest companies, promote the shares, and develop Kazakhstan's stock market.
The program envisages a phased placement of the shares of the biggest and stable state companies on the stock market. KazTransOil company will first conduct IPO. The shares of KEGOC, Air Astana, Kazmortransflot, Samruk-Energy and KazTransGas will be placed in IPO in 2013. Kazakh Railway, Kaztemirtrans, Kazatomprom, KazMunaiGas will hold IPO in 2014-2015. The program was developed under Kazakh President Nursultan Nazarbayev's order.
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