National company "KazMunayGaz" announces transfer of 100 % of shares of KazTransGas in favor of Sovereign Wealth Fund "Samruk-Kazyna"
/KASE, November 11, 2021/ – National company "KazMunayGaz" JSC (Nur-Sultan), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated November 10, 2021:
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On 9 November, KazMunayGas National Company (KMG) announced the transfer of 100% KazTransGas (KTG) share in favour of Samruk-Kazyna (the Fund). The transaction amount is 1 tenge.
9 November is also the day of termination of the trust management agreement concluded on 11 March 2021 between KMG and the Fund. KTG's shares were transferred to the Fund in pursuance of the instructions from the Samruk-Kazyna Management Council chaired by the First
President of the Republic of Kazakhstan, Elbasy N. Nazarbayev, dated 3 June 2020, as well as the instructions from the executive head of the nation K. Tokayev about foundation of a gas exploration, production and transportation national operator, given at an extended Government meeting on 26 January 2021.
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The full press release is available on KASE website:
[2021-11-11]