Kazakh carrier Air Astana plans London IPO; BAE to sell stake in airline

Air Astana JSC

19/01/2024 07:16

Jan 19 (Reuters) - Kazakh carrier Air Astana announced
plans on Friday to list its shares in London through an initial
public offering of new shares and existing stock held by
shareholders BAE Systems  BAES.L  and Kazakhstan's sovereign
wealth fund.   
    The airline plans to raise proceeds of about $120 million
through the issuance of new shares.
    

 (Reporting by Yadarisa Shabong in Bengaluru; Editing by Sonia
Cheema)
 ((Yadarisa.Shabong@thomsonreuters.com; +91 9742735150;))