The prime minister appointed Ministry of finance to prepare for public selling 0.8% of shares from the state shareholding of ENRC

/INTERFAX-KAZAKHSTAN, Astana, March 31, 07/ - The prime-minister of Kazakhstan Karim Massimov appointed the minister of finance Natalya Korzhova to prepare for public selling 0.8% of shares of Eurasian Natural Resources Corporation Plc (ENRC). "Natalya Artyomovna, I'm charging you with preparation for selling to the physical entities, citizens of Kazakhstan 0.8% of shares of Eurasian Natural Resources Corporation, being in state ownership", - told K.Massimov on the meeting of the government on Saturday in Astana, addressing to N.Korzhova. At that he had noted that it is necessary to attract to the process of shares' selling the maximal amount of citizens. "Should be the maximal coverage of the population. This case should be (under control - IF-K) including akims (heads of regional administrations - IF-K), in order the maximal amount of people could participate in the purchasing", - told the head of government. He also had appointed the administration of holdings, managing with state shareholdings in different companies to introduce the suggestions on selling of part of these shares to public: "Except this, I appoint the administration of holdings Samruk, Kazyna, Kazagro during the week to introduce for my examination the suggestion on selling of shareholdings, being in their ownership". The final decision on given questions it is planning to examine on the session of the government on April 10, K.Massimov had informed. As it is known, the president of Kazakhstan Nursultan Nazarbayev, performing in the end of February with the every year message to Kazakhstan people, appointed the government to work the complex of measurements, stimulating the population of Kazakhstan to invest the savings more actively into securities. By his opinion, each citizen of Kazakhstan has to participate actively in the work of fund market. Holding company ENRC, which is registered in Great Britain and has the headquarters in London, was founded in the end of last year by reorganization of the Eurasian industrial association (EIA). ENRC had consolidated the assets of companies Kazchrome, Alluminum of Kazakhstan, Kazakhstan electrolysis plant, Zhayremskiy ore mining and processing combine, Sokolovsko-Sarbayskoye ore mining and processing production union (SSOMPIU), Euro-Asian energy corporation and ENRC Logistics and ENRC Marketing & Sales. In majority of these companies the part of shares belongs to the state - Kazakhstan, because the [production powers are situated in the republic. ENRC is fully integrated group in the sphere of extraction and concentration of minerals with own energy and transport enterprisers. In year 2005 the sales of ENRC exceeded $3 bn.. Meanwhile, the head of ministry of finance N.Korzhova after the session of the government had explained the journalists that the state stake in ENRC is 24.8%. As it goes from her words, after selling to the population of 0.8% shares the state shareholding in ENRC will be equal to 24%. She had noted, that "the resolution of the government (about selling of state shareholding of the company - IF-K_ will be singed in the closest terms". The mechanism of selling of these shares "will be introduced for public in the nearest time", she added. "It will be understandable, it will be available. We, ourselves - the government, official - are interested in order our people receive the experience as the first experiment, which then will be replicated and distributed on the other participation of people in such purchasing", - N.Korzhova told. Along with it she did not explain by which way will be estimated the price of selling of these securities to the public. As it known, yet the shares of ENRC do not have the listing, and so are not traded either on foreign stock floors, or on Kazakhstan stock exchange - KASE. Earlier the government of the republic had sold to the public the part of sate shares of the leading connection operator in the republic - Kazakhtelecom JSC. [2007-04-02]