Kazakhstan delays grid operator KEGOC's IPO
ASTANA. Nov 7 (Interfax) - Kazakhstan's national grid operator KEGOC will not hold its "People's IPO" this year, Board Chairman KEGOC Bakhytzhan Kazhiev said.
"It is almost mid-November now and we have little time this year. So we don't have enough time to offer our shares by year-end," Bakhytzhan Kazhiev told a Thursday briefing in the State Office of Public Relations in Astana.
Kazhiev declined to comment on KEGOC's price per share for the IPO. "After such a decision is made, the company will be ready for an IPO in six months," he said.
Earlier KEGOC was planning its "People's IPO" in Kazakhstan for the second half of 2013.
KEGOC, part of National Welfare Fund Samruk-Kazyna, operates has 24,500 km of 110-1,150-kV transmission lines and 76 substations with a total capacity of 35.5 GVA.
