National company Food Contract Corporation intends to sell 100 % of KazMakta shares

27.06.14 11:04
/KASE, June 27, 14/ – National company "Food Contract Corporation" JSC (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote The Corporation sold 25+1 percent of shares of the Cotton contract corporation to its subsidiary KazMakta. In addition, in pursuance of item 2 of section "Transfer to the private sector of assets of national managing holdings, national holdings, national companies" of the Comprehensive Privatization Plan for 2014-2016, approved by resolution No. 280 of the government of the Republic of Kazakhstan dated March 31, 2014, the Corporation's Board of Directors took a decision to sell 100% of shares of KazMakta by way of conducting tenders. Currently, terms of auction for selling of 100% shares are approved. The auction date is July 15, 2014. unquote [2014-06-27]