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Kazakhstan|business|June 30, 2016 / 12:40 PM
Kazatomprom sells three subsidiaries

AKIPRESS.COM - KazatompromNAC Kazatomprom JSC announced the e-auction for selling participatory interests in charter capitals of Kazatomprom-Sorbent LLP (51%), Kazperoxide LLP (50%) and Ulba Recreation Center LLP (100%).

Subsidiary and affiliated organizations are sold under the Business Transformation Program, which is aimed at increasing the Company's value by its restructuring and withdrawal of non-core assets.

NAC Kazatomprom JSC is continuing optimization of its corporate structure and non-core assets withdrawal. It should be noted that in the period 2013 - 2016 the company reduced its subsidiaries by 29 units.

As a whole, subject to Kazatomprom’s Assets Restructuring Plan for 2015-2017, the company plans to decrease the number of subsidiary and affiliated organizations from 83 to 40. These measures will allow Kazatomprom focusing on its core activity, i.e. uranium mining and NFC stages development.

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