Kazakhstan Railways IPO May Be Postponed Following Arrests of Executives

Experts believe the IPO of Kazakhstan Temir Zholy (KTZ) may be postponed due to the detention of its head, Yeldzhas Otynschiev, and the chairman of Samruk-Kazyna, Nurlan Zhakupov. A criminal investigation would prevent the company from making necessary decisions for the IPO. The timeline for the stock market debut is uncertain.

Read the full article at Kursiv →

Headline and summary written by daryo. The full report belongs to Kursiv.