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Wednesday 10 June 2020

Deferral of the Privatisation of KazMunaiGas, Air Astana and KTZ


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NUR-SULTAN / ex ASTANA (Satrapia) — The meeting of the State Economic Modernisation Commission, chaired by Prime Minister Askar Mamin, discussed the privatisation of the assets of Samruk-Kazyna, deciding to delay the privatization plan..

Due to the high volatility of international financial markets, falling energy prices and the global economic slowdown, it was decided to postpone until 2021-2023 the transfer to the competitive sector of a number of strategic assets such as Kazmunaigas, Air Astana, Tau Ken Samruk , Qazaq Air, Samruk-Energy, Kazakhstan Temir Zholy and many others.

The overall privatisation plan 2016-2020 includes 167 assets of the Samruk-Kazyna NWF joint stock company. So far, the transfer of 138 assets has been completed. 21 companies are in the process of sale, reorganisation or simply liquidation.

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