KazMunaiGas sold part of shares for almost $4 billion

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kase1_lsmKazakhstan National Oil & Gas Company KazMunaiGas has sold 58,420,748 regular shares, reported the Kazakhstan Stock Exchange (KASE).

            The deal has been closed by the method of British auctions in KASE.

            The size of the deal was 750 billion tenge (about $4 billion) with the initial price  of 749.98 billion tenge per lot. 2 participants took part at the auctions, reported RBC.

            It was reported earlier that according to the government resolution, the Kazakhstan National Welfare Fund Samruk Kazyna, which owns 100% bloc of shares of KazMunaiGas, will sell 10% plus one regular share of the company to the National Bank of Kazakhstan at the price fixed by the independent evaluator, but not below 750 billion tenge.

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