Kazakhstan sells Kazatomprom stock to boost liquidity

Kazatomprom_uranium_mine_alamy_230x150
By Aidan Gregory
26 Sep 2019

Samruk-Kazyna, Kazakhstan’s sovereign wealth fund, has offloaded a small part of its stake in Kazatomprom, the state-owned uranium mining company, via an accelerated bookbuild on Wednesday evening.

The $123m sale consisted of a total 9.86m global depositary receipts, equivalent to a 3.8% stake in Kazatomprom. The international placing of 6.5m London-listed GDRs was arranged by JP Morgan

Further GDRs were sold to domestic investors in Kazakhstan overnight, based on the placing price of the international ...

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