Kazakh wealth fund says over 120 firms sold in privatisation drive

Kazakh wealth fund says over 120 firms sold in privatisation drive

A general view of downtown with Kazakhstan's national oil company KazMunayGas (KMG) headquarters (front) in Astana, Kazakhstan, October 8, 2015. REUTERS/Shamil Zhumatov

Kazakhstan’s $67 billion sovereign wealth fund Samruk-Kazyna has sold over 120 small and mid-sized firms by electronic auction and is preparing larger firmsfor sale under its privatisation programme, a managing director of the fund said on Wednesday.

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