S.Korea's Air Busan picks advisers for IPO this year

NH Investment & Securities Co

27/04/2018 07:25

SEOUL, April 27 (Reuters) - South Korea's Air Busan Co Ltd,
a budget airline in which Asiana Airlines Inc  020560.KS  owns a
substantial stake, said on Friday it chose advisers for a
planned initial public offering (IPO) this year. 
    The company has chosen Mirae Asset Daewoo  006800.KS  and NH
Investment & Securities  005940.KS  to advise its planned IPO,
Air Busan said in a statement. 
    Asiana owns a 46 percent stake in Air Busan, as of end-2017,
according to an Air Busan filing. The budget carrier reported 
2017 revenue of 561.7 billion won ($522.75 million) and
operating profit of 34.5 billion won. 
    
    ($1 = 1,074.5100 won)

 (Reporting by Joyce Lee, Editing by Sherry Jacob-Phillips)
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