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Wednesday, December 2nd, 2020

Ministry of Finance: Privatization of large assets is going as planned

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The timeframe for selling major assets of the Samruk-Kazyna fund has been adjusted to sell the assets at a more attractive price. Deputy Minister of National Economy Berik Sholpankulov announced this at a press conference following the Government meeting.

Answering questions of journalists, B. Sholpankulov cited the example of Astana International Airport, where a new terminal was built.

Upon completion of the construction, the cost of the airport increased. Was it worth it to sell at that time or was it necessary to wait until the price increased? I think everything is clear, � the speaker said.

The same situation is with KazAtomProm today.

It is expected that the price of the products produced by the company will grow and, accordingly, the value of the company will increase. With this in mind, we are waiting for the peak market prices, � the Deputy Minister noted.

For the sake of selling large companies, pre-sale preparation, evaluation, and search for potential investors are currently under way. Independent consultants are involved for financial audit. In accordance with the plan, the sale of 17 large companies of NWF Samruk-Kazyna will occur in 2019-2020.

Source: Government of the Republic of Kazakhstan

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