business and economy

Astana Finance mulls private equity funds

By SRI ⋅ September 5, 2008 ⋅  Email This Post ⋅  Print This Post ⋅ Post a comment

(SRI) - Astana Finance is considering the launch of several private equity funds worth up to $1 billion, Interfax reported on Wednesday citing the Deputy Chief Executive officer Alexander Savchuk.

The planned funds would focus on investments in agriculture, forestry and mining, Savchuk said at an industry conference in the Borovoe resort. Astana Finance plans to market the product to global investors, including the US, Europe, Middle East and Asian markets.

Government-owned Kazyna Development Fund has a 25.5% stake in Astana Finance earlier owned by the Astana akimat.

Tags: Astana Finance, private equity

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