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Kazakhstan Railways KZT 23 billion assets sale in 2014

Kazakhstan Railways (KTZ), the largest subsidiary of Sovereign Wealth Fund «Samruk-Kazyna», has tendered 35 subsidiaries and affiliated organizations, as part of the second wave of the privatization programme carried out by the fund.

Since the beginning of the assets sale in 2014, KTZ has sold 14 subsidiaries and affiliated organizations, for more than KZT 23.2 bn.

On the 1st of April, KTZ signed a KZT 1.78 bn contract for the sale of 100% shares of JSC “Center of transport service” (CTS).  The company provides legal services to individuals and rail access routes, including the provision of access roads for the passage of rolling stock, shunting, loading unloading, and other technological operations of the transportation process.

Mandatory provisions of a contract are the maintenance of the business profile and the state throughout the year, also the conclusion of a collective agreement with employees of KTZ.

Source: zakon.kz

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