Unified Rules for Privatization of Assets by State-owned Enterprises

The present Unified Rules for Assets Realization, Restructuring by Joint-Stock Company Sovereign Wealth Fund “Samruk-Kazyna” and organizations at least fifty percent of voting shares (equity interest) of which is directly or indirectly owned by “Samruk-Kazyna” JSC on the right of property or trust management (hereinafter – the Rules) are developed in compliance with legislation of the Republic of Kazakhstan, and regulate the order and term of disposal of assets on biddings or through direct address disposal as well as assets restructuring in the form of re-organization or liquidation.

The table of contents herein outline the Unified Rules, which may be downloaded below. 

Section 1.General Provisions.................................................................................3

Chapter 1.Terms and Definitions...........................................................................3

Chapter 2.Procedure for realization, restructuring of assets directly owned by the Fund…………………............................................................................................8

Chapter 3.Procedure for realization, restructuring of assets directly owned by the Sectorial Companies/Companies...........................................................................9

Chapter 4.Powers and Functions of the Unified Operator..................................14

Chapter 5.Powers and Functions of Independent Consultant.............................14

Section 2.Methods and Forms of Assets Disposal, Restructuring.......................16

Chapter 1.General Provisions on the Procedure for Bids, Assets Restructuring........................................................................................................16

Chapter 2.Electronic Auction...............................................................................18

Chapter 3.Electronic Competition........................................................................19

Chapter 4.Open Two-Stage Competition..............................................................20

Chapter 5. Direct Address Disposal.................................................................23

Section 3.Closing Procedures...............................................................................24

Chapter 1.Contract execution procedure..............................................................24

Chapter 2.Calculation Order.................................................................................25

Annex....................................................................................................................27