Kazakh sovereign wealth fund Samruk Kazyna said on Wednesday it had raised $206 million by selling on the market a 6.27% stake in Kazatomprom, the world’s biggest uranium miner.
It sold the shares at $13 per global depositary receipt, a discount of about 6% to the market price, MD Yerzhan Tutkushev told a briefing, adding that Samruk Kazyna would retain its remaining 75% stake in the company.
A stake of 0.01% is being offered to Kazakh retail investors at the same price, he said.