KazMunaiGas EP Investors Vote Against State-Buyout Proposals

  • Independent directors say offer from Kazakh producer too low
  • Vote comes ahead of planned privatization of parent company

Minority shareholders in KazMunaiGas Exploration Production JSC voted down proposals that would have cleared the way for a buyout by Kazakhstan’s national oil producer, a deal opposed by the listed company’s independent directors and some investors.

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