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Kazakhtelecom plans to go public in the first half of 2018 Date: 17 January 2018



“Particular attention is paid to the privatization of the seven largest national companies, three of which are already preparing for possible IPO deals. In particular, the fund is considering the possibility of placing Kazakhtelecom's shares before the end of the first half of 2018, and preparations for the Kazatomprom and Air Astana IPO by the fourth quarter of 2018 are also planned,” Nurlan Rakhmetov, Managing Director for Transformation, Privatisation and Restructuring of Samruk-Kazyna JSC, said at the government meeting.
 
He stressed that for precise terms, more information is needed on the financial condition of companies and world prices for raw materials.

With regard to the companies of KazMunaiGaz, Samruk-Energy, Kazpost and Kazakhstan Temir Zholy, work is underway to determine the key parameters of possible IPOs, which are planned to be held in 2019-2020,” he said.
 
 In turn, Timur Suleimenov, Minister of National Economy, commented that 14 assets were placed to the IPO of their parent companies in order to increase their value.
 
These include: 5 assets of NC KTZ JSC (Kaztemirtrans JSC, Passenger transportation JSC, Baggage transportation JSC, Wagon service JSC, Suburban transportation JSC); 7 assets of NC KMG JSC (Urikhtau Operating LLP, Pavlodar Petrochemical Plant LLP, TH KazMunaiGas NV, PetroKazakhstan Oil Products LLP, Atyrau Oil Refinery, KMG Automation LLP, Teniz Service LLP) and 2 assets of NC Kazakhtelecom JSC (Nursat + LLP, KT-AiIks LLC).
 



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