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Samruk-Kazyna shares cannot be privatized

Astana. January 16. Kazakhstan Today - The Minister of Economics and Budgetary Planning, Bahyt Sultanov, during presentation in Majilis of the bill on Fund of National Welfare said the shares of Samruk-Kazyna cannot be privatized. "One of the important introductions to the bill, emphasizing the features of the legal status of the group of the fund, is interdiction on alienation of the shares of the Fund Samruk-Kazyna," B. Sultanov said. "The shares of the fund are the state property and cannot be privatized, be exposed on the share market, or be alienated otherwise," he emphasized. The bill, according to the Minister of Economics and Budgetary Planning, provides an opportunity of purchase by the fund alienated by proprietors of strategic objects and competitive weight in case of bankruptcy of the organizations, share holdings of which are strategic objects, or the organizations having an important strategic value for the economy of the Republic in case of realization by the government of the priority right of purchase of strategic objects.

Resourse: Kazakhstan Today

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