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Kazakh Sovereign Fund Sees No `Sacred Cows' for Privatization

  • Samruk-Kazyna fund seeks to sell stakes in 43 large companies
  • Government will make stake purchases easier, deputy CEO says

Kazakhstan’s sovereign wealth fund Samruk-Kazyna is keeping no “sacred cows” as it prepares to sell stakes in 43 large units including energy companies, its deputy head said.

The fund may offer shares in shipping company KazMorTransFlot and is examining the possible sale of stakes in the downstream business of KazMunaiGaz National Co., which may include Kazakhstan-based refineries and Rompetrol, Deputy Chief Executive Officer Dauren Erdebay said in an interview Thursday.