February 27, 2014 10:41
Samruk-Kazyna to be transformed into a holding company focusing on investment
ASTANA. Feb 27 (Interfax) - Kazakhstan's National Wealth Fund Samruk-Kazyna will be reorganized into a holding company focusing on investment in 2014, Samruk-Kazyna says in a press release.
The new holding company will focus on two areas: first, increasing the revenue generated by the existing assets through improvement of their business processes at all levels and, second, investing the profit in start-up and innovative projects, according to the press release.
To begin with, Samruk-Kazyna will look into its subsidiaries KazMunayGas, Kazakhstan Temir Zholy and KazPost, where all business processes will be analyzed and assessed in order to find solutions aimed to increase their revenue, said Samruk-Kazyna CEO Umirzak Shukeyev.
Samruk-Kazyna will seek external borrowings so that up to 70% of each project could be financed from borrowed funds, Shukeyev said.
Kz pr ak
(Our editorial staff can be reached at email@example.com)
October 24, 2014
MICEX and RTS Indexes at 14:00 MSK
Russia, Guinea to sign memorandum on fight against Ebola
Vnukovo air traffic controller remanded into custody over Falcon crash (Part 2)
GOV'T PREPARING BACKUP PLAN FOR STATE PROGRAMS IN CASE SANCTIONS LAST LONG - SILUANOV
Ambassador: Summit-level meeting of Russia-Turkey Cooperation Council to boost contacts
VEB not ruling out lawsuit against sanctions - bank spokesman
Actual NWF support for Rosneft to substantially differ from request - Siluanov
Not currently feasible for Central Bank to raise interest rates - Vedev
Putin and Merkel urge Ukraine Contact Group to meet as soon as possible - Kremlin (Part 2)
Russian pharmaceutical market grows 7.7% in 9M, 5.8% in Q3
Putin and Merkel urge Ukraine Contact Group to meet as soon as possible - Kremlin
Central Bank postpones introduction of Basel III LCR until July 2015
SPIMEX launches first gas trading session, Rosneft sells first gas (Part 3)