News Agencies - Kazakhstan Utility Systems LLP became the main shareholder of MREK JSC

Kazakhstan Utility Systems LLP became the main shareholder of MREK JSC

Kazakhstan Utility Systems LLP became the main shareholder of MREK JSC
Monday, 27 November's 2017
Today, the major shareholders of MREK JSC are:
  • Kazakhstan Utility Systems LLP - 45.86% of common shares;
  • KBI Energy LLP - 39.32% of common shares;
  • JSC "Unified Accumulative Pension Fund" - 13.54% of common shares.
Kazakhstan Utility Systems LLP is one of the largest energy companies in the republic. The KKS group is represented in the Karaganda, South Kazakhstan, East Kazakhstan and Mangistau regions. The success of the economic course of Kazakhstan Utility Systems is demonstrated by the company’s high international ratings. This year, the authoritative rating agency Fitch Ratings confirmed the “Stable” outlook for Kazakhstan Utility Systems LLP, assigning long-term issuer default ratings in foreign and national currencies at the level of “BB-” and a national long-term rating of “BBB+ (kaz)”.

The share of Mangistau Electricity Distribution Company JSC in the electricity distribution market of the Mangistau region is 90%. The main volume of electricity consumption transported through the networks of MREK JSC falls on the facilities of the oil and gas sector of the region.
Источник: IA Zakon.KZ, November 27, 2017
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