Halyk transaction boosts Nazarbayev’s IPO plans

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Halyk transaction boosts Nazarbayev’s IPO plans

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NUR-SULTAN, KAZAKHSTAN - APRIL 23, 2019: Kazakhstan's former president Nursultan Nazarbayev attends an extraordinary congress of the Nur Otan Democratic People's Party. Pavel Aleksandrov/TASS | Pavel Aleksandrov/Tass/PA Images

Investors are growing more comfortable with Kazakhstan following a $344m trade in Halyk Savings Bank last week, and sources are hopeful the momentum will carry on through to next year as the country’s privatisation wave continues.

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