The Government will restrict maximal amount of purchased stocks per invidual within "People's IPO" - K.Kelimbetov

/IRBIS, August 23, 2011/ - The government will limit the maximum number of shares to be purchased in "one hand" 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. "In order to avoid concentration of shares in the hands of a limited group of persons program involves a restriction on the maximum number of shares to be purchased per customer, and use a network of branches of JSC "Kazpost" for maximum coverage", - said the minister. Recall, the government of Kazakhstan has already settled on its candidate-state companies whose shares are to be brought on the market within the program "The People's IPO". In this state-owned companies were divided into three echelons: the first echelon - JSC "KazTransOil", JSC "KEGOC", JSC "Air Astana", the second tier - JSC "KazTransGas", JSC "Kazmortransflot", "Samruk-Energo", third tier - JSC "Kazakhstan Temir Joly", JSC "Kaztemirtrans". Companies of first-tier will be brought on the market in the second and third quarters of 2012, the second tier - in 2013, the third wave - in 2014-15, respectively. [2011-08-23]