VOL. XLIII

No. 47

20-November-2000

CASPIAN

KazTransGas Completes Takeover Of Tractebel Assets

The president of Kazakstans KazTransGas, Uzakbai Karabalin, announced on 14 November that the wholly-owned subsidiary of state-owned KazTransOil has completed the takeover of assets previously held by Tractebel, the Belgian utility company. Tractebel announced last April that it would sell all its holdings in Kazakstan to KazTransGas for $100mn and leave the country. The sale included Tractebels 55% share...