M&A

Kazakh state slowly loosens grip on Kazatomprom

Samruk-Kaznya, Kazakhstan’s sovereign wealth fund, has launched an offer to sell a 4.55% stake in Kazatomprom, a move Canadian bank BMO said could boost liquidity for the world's largest uranium producer.

Kazatomprom established a JV with Areva in August 1996 to develop the Moinkum ISL deposit near Tsentralnoye, Kazakhstan

Kazatomprom established a JV with Areva in August 1996 to develop the Moinkum ISL deposit near Tsentralnoye, Kazakhstan

The sale would be Samruk-Kaznya's second since Kazatomprom's IPO and would lower its stake to 76.7%. BMO analyst Alexander Pearce said the sale suggested the sovereign wealth fund "remains committed...

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