KazMunayGas puts IPO backward, citing Brexit deadlock concerns

11.02.2019

Kazakhstan has postponed the listing of its state oil and gas firm KazMunayGas (KMG) until after 2019, due to worsening market conditions and Brexit uncertainty that could dampen investor appetite on London’s stock exchange, Reuters reported on Friday, citing two banking sources.

Kazakhstan’s wealth fund Samruk-Kazyna holds 90 percent in KMG, while the...