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Kazakh state slowly loosens grip on Kazatomprom

BMO sees sell down as a long-term positive for uranium major.

Tom Hoskyns
Kazatomprom established a JV with Areva in August 1996 to develop the Moinkum ISL deposit near Tsentralnoye, Kazakhstan

Kazatomprom established a JV with Areva in August 1996 to develop the Moinkum ISL deposit near Tsentralnoye, Kazakhstan

The sale would be Samruk-Kaznya's second since Kazatomprom's IPO and would lower its stake to 76.7%. BMO analyst Alexander Pearce said the sale suggested the sovereign wealth fund "remains committed...

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