Kazakhstan Railways IPO Postponed Indefinitely Following Executive Arrests

The planned IPO of Kazakhstan Railways (KTZ) is likely to be postponed indefinitely due to the recent arrests of top executives from its parent company, Samruk-Kazyna, and KTZ itself. The arrests, related to corruption investigations, prevent the necessary corporate decisions for the IPO. The company had aimed for a 2026 listing with an estimated $5 billion valuation.

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