28 May 2018, Moscow. Samruk-Kazyna JSC conducted a press conference oninvestment opportunities in Eurasian Economic Union within the framework of the privatisation programme of state assets in Kazakhstan at the site of the international multimedia press center IA Russia Today. Representatives of the Russian business community and mass media from Moscow, Yekaterinburg, Kazan and Astrakhan took part in the video conference.
Zhanbolat Kakishev, Director of Investor Relations Department of Samruk-Kazyna, noted four key areas, where the Fund conducts a separate work to find investors.
"We have portfolio companies that operate in the basic industries, for example, oil and gas or transportation and logistics. In these industries, we are looking for partners in accordance with the core business. The second direction is the sale of assets. The third is growing companies from the mining or petrochemical industry. Here we are looking for strategic partners who have experience in implementing similar projects, because these are new projects with specifications. And, finally, the fourth direction are the projects on co-investment," Mr Kakishev explained.
While noting the great effort on pre-sale preparation of companies within the comprehensive business transformation programme, Nurlan Rakhmetov, Managing Director for Transformation, Privatisation and Restructuring of Samruk-Kazyna, spoke about the national companies’ IPOs.
"There are nine large assets, as I have already mentioned, six of which will go public via an IPO. It is assumed to implement it in three phases. We are considering the possibility to bring three of our companies to the international platform during this year: our national telecommunications operator Kazakhtelecom, national carrier Air Astana, and uranium company Kazatomprom,” N. Rakhmetov noted.
Three other companies Samruk-Energy, Tau-Ken Samruk and Qazaq Air will be privatised in the second phase. According to the Managing Director, the Fund intends to sell 100% stake in Samruk-Energy, the final decision on the deal will be made after an independent evaluation. The third phase includes the sale of Kazpost, KazMunayGas and Kazakhstan Temir Zholy.
It should be noted that Samruk-Kazyna Investor Day under the SPIEF 2018 gathered 134 Russian and 74 foreign companies. Among them were about 30 top managers and representatives of international holdings, large state corporations, banks and other companies of strategic interest for the Fund’s portfolio companies.