Stocks of KEGOC and KazTransOil will be the first to be drawn to the market in the framework of "People's IPO" in 2012

/IRBIS, October 27, 2011/ - Stocks of KEGOC and KazTransOil JCS will appear on the market in 2012 under the program "The People's IPO", said today during an online conference on portal BNews.kz Deputy Chairman of the Board of Sovereign Wealth Fund "Samruk- Kazyna" Kuandyk Bishimbayev. "The process is launched with the goal of that by the end of the first - the beginning of the second quarter the companies have entered the IPO", - said K. Bishimbayev. "We plan to bring in 2012 the two companies on the domestic market - KEGOC and KazTransOil. They are now in active preparation of program of initial public offering", - he added. He pointed out that more extensive program of drawing subsidiaries into the domestic stock market will be implemented within 5 years. In 2013, KazTransGas, "Kazmortransflot" are to be drawn to the market. In 2013-2014 the companies of railway transport are scheduled, such as joint-stock company "Kaztemirtrans" and several others. In 2015, the companies of the market of raw materials - NC "KazMunayGas" and "Kazatomprom" are scheduled. As part of the program 10-15% of the 100% stake in national companies will be brought. "We understand that the majority of potential investors are likely to be non-professionals who have very general idea about the stock market. Accordingly, offering risky assets in the first and second year of the program would not be right", - said K. Bishimbayev. [2011-10-27]