KazMunayGas intends to increase its share in large subsidiary
Edited by Rhod Mackenzie / 2016-06-21 06:01:29
KazMunayGas has published a proposal to buy back shares and global depositary receipts of its subsidiary company Exploration Production KazMunayGas (EP KMG) from its minority shareholders.
KazMunayGas is ready to purchase securities at a fixed price in the amount of $47.28 per common share in tenge equivalent, calculated on a daily basis, of $27.62 per preferred share in tenge equivalent, calculated on a daily basis, and of $7.88 per a global depositary receipt.
