KazMunaiGas leads share sale

    By Birgit Brauer     Kazakhstan President Nursultan Nazarbayev has announced that 5% of London-listed KazMunaiGas Exploration and Development (KMG EP), a subsidiary of the national oil and gas company KazMunaiGas (KMG), will be floated on the Kazakh stock exchange this year. These shares are worth US $500 million and can only be...