EBRD intends to acquire shares of CAEC

/INTERFAX-KAZAKHSTAN, Astana, January 16, 09/ - European Bank for Reconstruction and Development (EBRD) plans to acquire shares of Central Asian energy corporation (CAEC, "daughter" of Central Asian energy company), the bank's message says. According to the message, "the aim of acquisition - is investment projects financing, focused at growth of energy consumption efficiency and improving of environment-oriented production standards and resources allocation". At that the message says that "total cost value of shares will be submitted to final estimation". According to EBRD, bank's participation as co-owner may accelerate IPO of CAEC. The message doesn't specify the number of CAEC shares for which EBRD claims. As informed, the company planed IPO in 2010 probably at Hong-Kong offering floor. CAEC JSC - is a large Kazakhstan holding, founded more than 10 years ago. This structure combines the companies that operate in energy, finance and chemical fields, mechanical engineering. Its joint assets exceed KZT100 bn. (KZT121.37/USD1); staff comprises more than 15 th. people. [2009-01-19]