September 22, 2014 6:05 AM ET

Capital Markets

Company Overview of Samruk-Kazyna National Welfare Fund JSC

Company Overview

JSC Samruk-Kazyna National Welfare Fund is a private equity arm of Republic Of Kazakhstan specializing in turnarounds. JSC Samruk-Kazyna National Welfare Fund is based in Astana, Kazakhastan.

Kabanbai batyr, 19

blocks А, С, Е

Astana,  010000

Kazakhstan

Phone:

7 7172 79 05 98

Fax:

7 7172 79 04 00

Key Executives for Samruk-Kazyna National Welfare Fund JSC

Chief Executive Officer
Age: 48
Deputy Chief Executive Officer of Samruk-Kazyna” JSC and Member of Management Board
Age: 43
Deputy Chief Executive Officer of “Samruk-Kazyna” JSC and and Member of Management Board
Age: 34
Managing Director and Member of Management Board
Age: 49
Compensation as of Fiscal Year 2014.

Samruk-Kazyna National Welfare Fund JSC Key Developments

Kazakhstan Electricity Grid Mulls Listing In December

Kazakhstan Electricity Grid Operating Company (Kazakhstanskaya kompaniya po upravleniyu elektricheskimi setyami AO) is planning to launch an IPO (Initial Public Offering). The company will hold an IPO in December 2014, Deputy Chief Executive Officer of Samruk-Kazyna National Welfare Fund JSC, Yelena Bakhmutova said. The official added that the company is ready for an IPO and in November 2014, bidders are expected to start signing up for its shares. She also said that trading is expected to start on the secondary market on the stock exchange during the second half of December 2014.

Samruk-Kazyna To Sell 14 Firms In September

Samruk-Kazyna National Welfare Fund JSC is planning to sell 14 firms in September 2014. Deputy Chief Executive Officer, Elena Bakhmutova said that the fund intends to put the companies on block as part of the second wave of privatization. She added that the fund will auction assets of nine JSC National Company Kazakhstan Temir Zholy, two Kazakhstan Engineering companies, one subsidiary of JSC KazMunaiGas Exploration Production (LSE:KMG) and two Samruk-Kazyna companies. She explained that Kazakhstan Temir Zholy assets will be offered for sale on the condition of maintaining company's primary focus and jobs. The remaining assets will be offered for electronic bidding without any binding conditions. Samruk-Kazyna earlier announced plans to spin off 106 entities into the competitive environment as part of the Comprehensive Privatization Plan for 2014 - 2016.

Investors Reportedly Eye Sekerbank

Three banks from the Middle East & Gulf region are interested in acquiring stake in Sekerbank Turk Anonim Sirketi (IBSE:SKBNK), Hurriyet reported. Potential bidders wants to buy the Sekerbank stakes held by Samruk-Kazyna National Welfare Fund JSC (21.93%) and Sekerbank Pension Fund(33.98%). Smaruk-Kazyna's subsidiary BTA Securities JSC also holds an 11.7% stake in Sekerbank. Potential bidders include Mashreqbank psc (DFM:MASQ), and banks from Qatar and Bahrain, the daily said without naming the other two. Talks between the potential buyers and Sekerbank shareholders are underway, according to the daily. Sekerbank's shareholders found the price initially offered by potential buyers unsatisfactory and collected new bids in a second round, Hurriyet said. Smaruk-Kazyna wants to divest its all shares (33.6%, including BTA's stake) and exit the local lender but potential buyers want to acquire a majority stake in the local lender.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 13, 2014
Temirbank Joint Stock Company
Merger/Acquisition
December 23, 2013
BTA Bank JSC
Private Placement
October 11, 2013
Tau-Ken Samruk JSC
 

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