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KASAKHSTAN SIGNS AGREEMENT WITH ROTHSCHILD GROUP TO ADVISE ON DEVELOPMENT OF ITS NATURAL RESOURCES AND PRIVATIZATION OF ITS INDUSTRIES

 KASAKHSTAN SIGNS AGREEMENT WITH ROTHSCHILD GROUP TO ADVISE ON DEVELOPMENT OF ITS NATURAL RESOURCES AND PRIVATIZATION OF ITS INDUSTRIES
 NEW YORK, May 21 /PRNewswire/ -- The government of Kasakhstan and the worldwide Rothschild Group today signed an agreement whereby Rothschild will act as investment advisors to the country on the development of its natural resources and the privatization of its industries.
 In a signing ceremony here this morning, Kasakhstan President Nursultan A. Nazarbayev and Robert S. Pirie, president and chief executive officer of Rothschild Inc., agreed that Rothschild will provide advisory and consulting services to Kasakhstan in connection with the privatization of Kazahk gold, silver and other precious and non-ferous metals, the privatization of state and municipal owned Kazahk enterprises, the creation of Kazahk capital markets, and the promotion of securities underwriting, banking, insurance and other financial services, products and services in the Republic of Kasakhstan.
 Rothschild will also assist the government and the designated Kazahk privatized enterprises in creating multi-national stock companies with Kazahk and foreign shareholders and to facilitate and assist such companies in making domestic and offshore or international private and public stock offerings.
 The Kazahk government has also asked Rothschild to advise Kazahk joint ventures companies or mixed capital companies with corporate finance, commercial credit and investment banking expertise.
 Rothschild will also be actively involved in the creation of a joint insurance fund that will be developed for the purpose of insuring various commercial risks in connection with foreign investment and trade in the Republic of Kasakhstan.
 The Rothschild Group, through various of its operations around the world are active in bullion, banking, asset management and corporate finance.
 -0- 5/21/92
 /CONTACT: Jeffrey Z. Taufield of Kekst and Company, 212-593-2655, for the Rothschild Group/ CO: Rothschild Group ST: IN: FIN SU:


TS -- NY062 -- 2836 05/21/92 12:32 EDT
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Publication:PR Newswire
Date:May 21, 1992
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