OREANDA-NEWS. Joint Stock Company Kazakhstan Electricity Grid Operating Company (“KEGOC” or the “Company”), the system operator of Kazakhstan’s unified power system (UPS), today commented on the start of the subscription period for its share offering.

The Company and its advisors have now completed all preparatory measures and corporate procedures for an offering of KEGOC shares on the stock market.

All necessary documents have been forwarded in due order for consideration and decision-making by JSC Sovereign Wealth Fund Samruk-Kazyna, the Company’s sole shareholder, and the Government of the Republic of Kazakhstan. After the main parameters of the offering are determined, the timing of KEGOC’s IPO will be established and announced.

Media previously reported the possibility of the subscription book being opened on 13 May this year.