News 25 Jan. 2013

Curtis Advises KazTransOil in Secondary Offering on Kazakhstan Stock Exchange

Astana, January 8, 2013 - Curtis, Mallet-Prevost, Colt & Mosle LLP counseled JSC KazTransOil with legal support issues in the secondary trading of shares within the People's IPO state program on the JSC Kazakhstan Stock Exchange (KASE), the first such IPO in Kazakhstan. Curtis also advised KazTransOil in connection with the Public IPO.

JSC KazTransOil, a subsidiary of KazMunaiGas, is the largest oil pipeline company in the Republic of Kazakhstan, providing services on oil transportation on the domestic market and for export.

The secondary offering of 38,463,559 shares of JSC KazTransOil will enable investors who did not apply within the initial public offering, as well as shareholders wishing to purchase more shares than what was credited to their accounts following the subscription settlement, to acquire a stake. The company's shares on the secondary market will be available for both Kazakh individuals and legal entities, and foreign investors.

The Curtis team of lawyers advising JSC KazTransOil was led by partners Jeffrey N. Ostrager, Winta R. Jarvis and Askar N. Moukhitdinov, and associates Askhad Koshkarbayev, and Assel A. Aldabergen and Aidana Abdullayeva.

Curtis, Mallet-Prevost, Colt & Mosle LLP is a leading international law firm providing a broad range of services to clients around the world. Curtis has 16 offices in the United States, Latin America, Europe, the Middle East and Central Asia. The firm's international orientation has been a hallmark of its practice for nearly two centuries. For more information about Curtis, please visit or follow Curtis on Twitter ( and Facebook (

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