Kazakhaltyn reflects on listing in London
03.10.05 21:40
/REUTERS, London, October 3, 05/ - One of the three biggest gold mining
companies of Kazakhstan Kazakhaltyn considers listing at stock exchange of
London, its representative informed on Monday.
"IPO - opportunity, which is considered", - he said, adding, that decision will
be taken in nearest future.
He refused to give comments regarding evaluation of the company's market
capitalization, which is sub-controllable to Assaubayev's family.
As per recent estimations in press, Kazakhaltyn may value up to 500 m.
pounds sterling (($883.1 m.).
The company ordered Netherlands ING Bank to study available opportunities
to join capital markets.
In September Kazakhaltyn informed, that its net income (net income
according to national standards) decreased in 2004 to KZT5.386 m. (nearly
$40.000) from 44.602 m. a year before.
[2005-10-03]