Kazakhstan holding on managing state assets Samruk JSC is to sell 4.6% of voting shares of Kazakhtelecom JSC on domestic market

/INTERFAX-KAZAKHSTAN, Astana, November 2, 06, title of KASE/ - Kazakhstan holding on managing state assets Samruk JSC sells 4.6% of voting shares of Kazakhtelecom JSC on the domestic market. "In accordance with the resolution of the government Board of directors of holding Samruk has taken decision about allocation procedure of 4.6% of voting shares of Kazakhtelecom JSC on the domestic market of Kazakhstan," agency Interfax-Kazakhstan was informed in the press service of Samruk on Thursday. According to words of a representative of the press service, in the near future 497597 items of common nominal shares of Kazakhtelecom will be sold among the population, which corresponds to 4.6% of voting shares of this telecommunication company. Shareholders with ownership ratio of common share holding of Kazakhtelecom JSC as of July 1 are Samruk (55.6%), BODAM B.V. (16.9%), The Bank of New York (10.2%), Сentral Аsian Industrial Holdings N.V. (9.6%). As Sauat Mynbayev, the chief executive of Samruk JSC, earlier stated, in the context of liberalization of the telecommunication branch of Kazakhstan the state can reduce its shareholding at Kazakhtelecom JSC to 25%+1 share. At that, at the first stage it is assumed to sell up to 5% of shares, at the second - reduction of state-owned shareholding to 25%+1 share. Kazakhtelecom is the leading communication statement of Kazakhstan. Decree about establishment of the state holding Samruk was signed by the Nursultan Nazarbayev, the president of Kazakhstan, at the end of January this year. Government determined five companies, state-owned share holding of which at the first point will be transferred in holding of: besides Kazakhtelecom - Kazpost JSC, company on managing electric networks KEGOC JSC, oil and gas company NC KazMunayGas JSC and railway company Kazakhstan temir zholy JSC (KTZ). Kazpost, KEGOC, KazMunayGas and KTZ are completely state companies. [2006-11-02]