NC “Kazakhstan Engineering” JSC to sell four assets in January

NC “Kazakhstan Engineering” JSC to sell four assets in January

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28 December 2016

NC “Kazakhstan Engineering” JSC plans to sell 42.13% shares of “ZIKSTO” JSC and 49% stake in the share capital of “Indra Kazakhstan engineering” LLP. The English electronic auctions will take place on January 17, 2017.

In addition, the company announces on conducting the Dutch auctions for the sale of  “832 Auto repair plant KE” JSC and 98.56% shares of “Instrument-Producing Plant “Omega” JSC. They will be held on January 26,2017.

The starting price of sell 42.13% shares of “ZIKSTO” JSC is KZT 2 362 173 000, 49% stake in the share capital of “Indra Kazakhstan engineering” LLP-KZT 58 331 000, 98.56% shares of “Instrument-Producing Plant “Omega” JSC -KZT 1 469 475 000, 100% shares of “832 Auto repair plant KE” JSC-KZT 329 994 000.

«ZIKSTO» JSC manufactures equipment, components and parts for the railway industry. It is located in Petropavlovsk.

«Indra Kazakhstan Engineering» LLP produces and repairs military equipment. It is located in Almaty.

“Instrument-Producing Plant “Omega” JSC produces equipment for the railway industry, marine desalination systems, telecommunications, medical and military equipments, generators for the oil and gas industry. It is located in Uralsk.

“832 Auto repair plant KE” JSC manufactures defense and civil products, repairs automotive, and tracked vehicles. It is located in Almaty.

It should be noted  that the first auction for the sale of 98.56% shares of “Instrument-Producing Plant “Omega” did not take place on December 27,2016 because the number of participants registered was less than two at the time of bidding. The English and Dutch auctions for the sale of 100% shares in “832 Auto repair plant KE” JSC scheduled on November 24 and December 27, 2016 respectively did not succeed for the same reason.