1. The subjects of privatization are the buyer, the seller and the competent government agency to implement the privatization. 3. The buyer is a private person, non-governmental entity or a foreign legal entity acquiring property in the privatization process. With the participation of several persons on the buyer's side, they act jointly. 4. In the privatization process, the buyers cannot be the legal entities, which, in accordance with the legislative acts of the Republic of Kazakhstan or the constituent documents, shall not engage in those activities, the implementation of which is a condition of the sale of the objects of privatization. 5. Upon the sale of state-owned shareholding, the buyer corporation cannot acquire more than 25 percent of the company's shares, if the company holds the shares of the buyer. 6. The seller is entitled to involve an intermediary in order to organize the process of privatization.
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