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Market Chatter: Royal Dutch Shell Said to be Getting Chance to Buy Stake in Kazakhstan's National Oil Co. Before its Float

Kazakhstan's sovereign wealth fund has offered Royal Dutch Shell (RDS) an opportunity buy a significant minority stake in national oil company KazMunayGaz ( KMG ) in order for its planned flotation to be more appealing to foreign investors, according to a report from Reuters that cited two sources familiar with the talks.

A source said Shell has been offered up to 20% stake in KMG, which is 90% owned by Samruk-Kazyna, the Kazakh sovereign fund, and 10% belongs to Kazakhstan's central bank.

"The talks are underway," the source was cited as saying in the news report.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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