Air Astana to launch domestic IPO
"In the future, there will undoubtedly be a secondary listing to enable us to access international capital markets and there will be the choice between London or Hong Kong or both," Foster, a former Cathay Pacific Airways Ltd executive, told a news briefing in Hong Kong.
Hong Kong. October 11. Kazakhstan Today - Air Astana intends to float at least 20 percent of its shares in a domestic initial public offering in 2013 to support the company's growth plans.
According to Reuters, the central Asian carrier, profitable since 2003, its second year in operation, is also planning a secondary listing in overseas markets, said president Peter Foster.
"In the future, there will undoubtedly be a secondary listing to enable us to access international capital markets and there will be the choice between London or Hong Kong or both," Foster, a former Cathay Pacific Airways Ltd executive, told a news briefing in Hong Kong.
"Under the country's privatisation plan, Air Astana, national grid KEGOC and state oil transportation firm KazTransOil, were among the first batch of companies expected to be floated this year," Reuters writes.
"Foster said, however, that Air Astana's IPO would probably take place in the third quarter of 2013. Before the listing, the airline's two shareholders needed to agree on the size of the share sale, he said", according to Reuters.
"Anything less than 20 percent will be too small and wouldn't provide sufficient liquidity," Foster told Reuters in an interview after the briefing.
"Air Astana is 51 percent-owned by Kazakhstan's sovereign wealth fund Samruk-Kazyna and 49 percent Is held by BAE Systems Plc, Europe's largest defence contractor. The company's first-half net profit net profit fell 80 percent to $4.9 million as fuel prices rose more than 140 percent year on year," the news agency writes.
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Kazakhstan produces over 1mn tons of meat in 11M2025
Kazakhstan’s livestock industry is showing steady growth across all key areas, Qazinform News Agency learned from the Ministry of Agriculture.
Positive dynamics is observed both in the number of farm animals and in the volume of products manufactured.
The cattle population increased by 2.7% to reach 8.3 million head. The number of calves rose to 2.8 million, which is 17.8% more compared to the same period last year.
The horse population grew by 6.9% to 4.4 million head, with 1 million foals born (an increase of 8.8%).
The number of camels rose by 6.3% to 300 thousand head, with 53.8 thousand camel calves (+5.9%).
The poultry population increased by 8.8% to 48.5 million head.
The sheep population reached 19.6 million head, with 7.7 million lambs born, showing a 5% increase.
During the reporting period, the country produced 1,021.6 thousand tons of meat of all types, which is 3% higher than in 2024. This includes: 358.8 thousand tons of beef (351.4 thousand tons in 2024), 111.8 thousand tons of mutton (109.1 thousand tons), 146.8 thousand tons of horse meat (140 thousand tons), 337.1 thousand tons of poultry meat (326.3 thousand tons), and others.
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President Tokayev Meets with Shingo Ueno, President and CEO of Sumitomo Corporation
Images | akorda.kz
President Kassym-Jomart Tokayev held a meeting with Shingo Ueno, Representative Director, President and CEO of Sumitomo Corporation, one of Japan’s largest and most influential trading and investment companies, akorda.kz reports.
The President of Kazakhstan noted that our country highly values Sumitomo’s commitment to sustainable growth and responsible business practices, and considers the company a long-term strategic partner.
In turn, Shingo Ueno informed the Head of State about the preparation of a joint project with the national atomic company Kazatomprom in the field of nuclear medicine. The project aims to develop scientifically grounded approaches to the production of medical radioisotopes from by-products of uranium manufacturing.
The interlocutors also discussed prospects for implementing joint investment projects in transportation and logistics, energy, nuclear industry, metallurgy and geological exploration.
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KazTransOil and Transneft sign agreement on transportation of kazakh oil for 2026
Images | kaztransoil.kz
KazTransOil and Transneft sign agreement on transportation of kazakh oil for 2026. A working meeting between delegations of JSC KazTransOil and PJSC Transneft was held today in Astana, kaztransoil.kz reports.
During the meeting, the parties discussed key issues of bilateral cooperation and signed an agreement for the provision of services for the transit transportation of oil through the territory of the Russian Federation for 2026.
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