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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Market

Air Astana has no immediate plans of floating shares within People’s IPO Program

Posted on 02 December 2013

Air Astana national airline can only participate in the People’s IPO program if the government’s stake in the company is increased, Newskaz.ru reports, citing Nurzhan Baidauletov, Managing Director of the Samruk-Kazyna Sovereign Wealth Fund as saying November 28.
At the moment Samruk-Kazyna holds 51% in the airline, with the rest of the shares belonging to UK’s BAE SYSTEMS. “The Government’s stake (owned through Samruk-Kazyna) will not be diluted; no part of the stake will be offered for the People’s IPO. However, if it is somehow increased, we will consider floating shares”, Mr. Baidauletov said………………………………Full Article: Source


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