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Financials

Kazakhstan to reduce stake in uranium miner Kazatomprom

ALMATY, June 2 (Reuters) - Kazakh sovereign wealth fund Samruk-Kazyna plans to sell a stake of 4.55% in the world’s biggest uranium miner, Kazatomprom , for about $150 million, deal managers led by Citigroup said on Tuesday.

The sale will be the third by Samruk-Kazyna after the initial listing in 2018 and a secondary placement last year. After the planned deal, Samruk-Kazyna will own a 76.7% stake in Kazatomprom. (Reporting by Olzhas Auyezov Editing by David Goodman )

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