Today at the press conference on the execution of privatization in the framework of the 8^th direction of the Address “Effective Public Administration”, Vice Minister of National Economy Serik Zhumangarin said that investors are mainly interested in 47 large assets of the Samruk-Kazyna fund. Depending on the decisions taken on the IPO strategy of these companies, the amount of expected revenues can range from $3.5 billion to $ 5.5 billion.

"The investors are mainly interested in 47 large assets of the Samruk-Kazyna fund. Assets to be realized through IPO are Kazakhstan Temir Zholy, KazMunaiGas, joint-stock companies, national companies, Kazatomprom, Samruk-Energy, Air Astana, Kazpost, and Tau-Ken Samruk. Depending on the decisions taken by the IPO strategy of these companies, the amount of expected proceeds from an IPO can vary from $3.5 billion to $5.5 billion, i.е. a fairly large sum," said S. Zhumangarin.

He also specified that in the oil and gas industry, 10 companies were exhibited for privatization, 11 — in the railroads, 11 — in nuclear power, 8 in energy, in civil aviation, apart from Air Astana, it is planned to sell four companies, four in defense industry, and five more companies in other spheres. According to him, at the moment, the assets are being preliminary prepared for sale.

"All assets, the so-called top 65, are prepared with the help of foreign consultants who recommend the procedure, the form of sale, either it will be an IPO, or direct targeted sale to a strategic investor, and all this is considered by the state commission on economic modernization," the Vice Minister explained.

Vice Minister of Finance Berik Sholpankulov added that all the sold objects are sold above the estimated value.

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