Kazakhstan's KazMunayGaz says aims for Oct-Nov IPO

Kazakhstan|economy|February 26, 2020 / 02:42 PM

AKIPRESS.COM - Kazakh state oil and gas firm KazMunayGaz plans to float its shares in October or November this year, deputy chief executive Zhakyp Marabayev said on Tuesday, Reuters reported.

Marabayev, speaking at a meeting at the energy ministry, provided no other details.

Kazakhstan has said it would sell a stake of up to 25% in the company this year, aiming to raise $3-5 billion.

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