Middle East Economic Survey

VOL. LIV

No 10

7-Mar-2011

CASPIAN

Nazarbayev To Offer KMG EP Shares To Kazakh Nationals

In an attempt to secure his smooth re-election in the early presidential elections scheduled for 3 April, Kazakhstans President Nursultan Nazarbayev has announced an unprecedented initial public offering (IPO) of equity in the countrys state-owned companies. Mr Nazarbayev has said that the goal of the IPOs, which will start with KazMunaiGaz (KMG), is to give hundreds of...