Shares of "Air Astana", "Kaztransoil" and "KEGOC" will be first to be put to the market in the framework of "People's IPO" - K.Kelimbetov

/IRBIS, August 23, 2011/ - Shares of JSC "Air Astana", JSC "KazTransOil" and "KEGOC" JSC will be the first brought on the market under the "People's IPO", announced today the Minister of Economic Development and Trade of the Republic of Kazakhstan Kairat Kelimbetov at a cabinet meeting. He noted that in the selection of candidates from state-run companies for participation in the program "The People's IPO" participated 400 subsidiaries of JSC "National Welfare Fund "Samruk-Kazyna". The Minister said that the first-tier companies will be brought to market in the second and third quarters of 2012. "The companies of first tier are JSC "KazTransOil", JSC "KEGOC", JSC "Air Astana", - he said "Due to the current capital structure, "Air Astana" is being further considered by the "SK" Fund, in this case the continued control of the company from the state will be assured" - said Kelimbetov. The share of state-owned shares placement in the program will be from 5% to 15%. [2011-08-23]