KazMunaiGas to purchase shares of RD KMG to hold a global IPO
Edited by Rhod Mackenzie / 2014-07-29 05:42:02
The offer of KazMunaiGas to purchase the shares of Razvedka Dobycha KMG that are in the free circulation might be connected with the global IPO plans of KMG in 2015-2016.
There might possibly be a full purchase of shares from the minority shareholders and further delisting of RD KMG.
According to the analysts, KazMunaiGas now has the financial resources for the purchase of shares of RD KMG from the market.
By the beginning of 2014 the volume of funds and deposits on the balance of the head company amounted to 222.5 bln tenge.
