KEGOC’s shares be placed on People’s IPO in the second quarter of 2013

March 25, 2013

KEGOC'sThe shares of KEGOC JSC will be placed on People’s IPO in the second quarter of 2013, Kairat Kelimbetov, Deputy Prime Minister, said at the meeting, dedicated to the 2nd echelon companies joining the stock market within the framework of the People’s IPO program, correspondent reports.

“This year the shares of Kazakhstan companies-candidates of the 2nd echelon are planned to place on the securities market in the following order. We are agreed that in the first half of the year, more precisely in the second quarter of 2013 KEGOC will place its shares and in the second half of the year and KazTransGas JSC will place its shares in the fourth quarter of 2013. We also have one more candidate, it is Samruk-Energo company, we are looking forward to developing the concept of the electric power industry’s development and as soon as it will be ready, we will make an offer. We believe that every six months there will be a concrete proposal and the specific issuers will be attracted,” K.Kelimbetov said.