IPO

It’s too early to talk about IPO of KazMunaiGas

Decisions on preparation to IPO of the Kazakh national oil and gas company KazMunaiGas (KMG) haven’t been made yet, the KMG’s press centre reported.
The company recalls in its press release, spread on Wednesday, that in accordance with the governmental decree №1027 ”On approval of Program to transfer shares of Samruk-Kazyna’s subsidiaries and dependent companies to the securities market”, dated September 8 of 2011, KMG was attributed to the 3rd echelon of companies – to the companies, which shares can be placed on the securities market after 2015.

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KMG can place up to 25% of its stocks within global IPO

The national company Kazmunai Gas (KMG) can place up to 25% of its stocks within the global a IPO and 10% within the program of ‘Public IPO’, the CEO of Samruk-Kazyna state funds, P. Howes says. He says that the volume of the placement within the global IPO should be not less than 25% because the stocks will be placed at LSE, or even more, because they will be placed both in London and in Kazakhstan. To make it enough for the Kazakh and the international market, the volumes should be 10% in the former and 25% in the latter, i.e. 35% in the total. He cannot predict the reaction of the Government or the people liable on the decision about the issue. In his opinion, they’ll need 2 years to lead the company to the IPO.

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New Enhancements to Rusmininfo,full story selector available in Russian

Rusmininfo is pleased to announce some further enhancements to the news service.This week we have launched a full story selection system in Russian so now every user can select the news they want to receive according to their exact parameters in both Russian and English for full e-mail alerts.
To set up your new selections please log in and click on 'My News Alerts' then use the drop down menu and click on the companies,countries and sectors you want to receive news on.
If you have mislaid your log in details please e-mail [email protected]
Best Regards
Rhod Mackenzie
Managing Director

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Zarubezhneft recognized as “an instrument of foreign policy”

The state will postpone the real privatization of Zarubezhneft to the end of the decade, the company’s IPO will be conducted by 2020. By 2016 only the state funds to which 10% of shares are proposed can be included in the capital of Zarubezhneft. The Federal Agency for State Property Management believes, this is the way to take into account the strategical interests of the state and keep the company’s international contracts.
By 2020 the share of the state in Zarubezhneft can reduce to 50% plus share, the head of the Federal Agency for State Property Management Olga Dergunova said yesterday. As she has reported, by 2016 only 10% of the company’s shares will be privatized “in order to improve the corporate management and obtain additional long-term money”. At the same time she added, the structure of the transaction hadn’t been discussed yet and by 2020 the state would decide on further privatization proceeding from the state of the company’s investment projects.

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Authorities ask Vladimir Potanin to buy a shareholding in ALROSA

Authorities asked Interros of Vladimir Potanin to become one of anchor investors during placing of 14% of ALROSA shares at the market. The shareholding is preliminary assessed in 24-48 billion RUR. The officials apprehend that foreign competitors of ALROSA can buy the part of its capital, though foreign companies reject their interest in the securities. Analysts have different opinions about the attractiveness of the shares and note that the state needs a guaranteed loyal investor.
Interros obtained the proposal to take part in the public offering of ALROSA’s shares, information agencies reported on Friday. A source close to Interros confirmed the information and said, the investment department was dealing with the analysis of the proposal. The amount of shares is not specified. Interros, ALROSA and Goldman Sachs (the organizer of selling of 7% federal shareholding) provided no official commentaries.

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