Kazakh oil pipeline firm may raise $199m in "People's IPO"


ALMATY, Oct 12 (Reuters) - Kazakhstan's oil pipelinemonopoly KazTransOil plans to raise 30 billion tenge ($199million) via an initial public offer (IPO) as part of theCentral Asian nation's "People's IPO" programme, a seniorsovereign wealth fund official said on Friday.

The IPO is set to be held by the end of this year, KuandykBishimbayev, deputy head of the sovereign wealth fund,Samruk-Kazyna, told Reuters.

The state, represented by Samruk-Kazyna, owns a 100 percentstake in KazTransOil through its parent company, national oiland gas firm KazMunaiGas .

(Reporting by Mariya Gordeyeva; Writing by Dmitry Solovyhov;Editing by Eric Meijer)