Has privatisation become an old story? Not in Kazakhstan, where the process of selling off has started but a large share of assets resides in state hands.
In most cases, the country’s recently reorganised sovereign wealth fund, Samruk Kazyna, is running the sales. Samruk Kazyna, which has shifted from being an operationally involved fund to being a strategic investor, has embarked on wide-ranging privatisation of Kazakh businesses.
