| Kazakhstan’s sovereign wealth fund Samruk-Kazyna is in talks to acquire a 49 percent stake held in Air Astana by BAE Systems Plc, Europe’s largest defense group, before a possible initial public offering next year.
“We need to buy BAE Systems’ stake in Air Astana to sell between 10 percent and 15 percent” to Kazakh citizens, which is why there is no final decision on the IPO yet, Air Astana Chairman Nurzhan Baidauletov, who is also a managing director at Samruk-Kazyna, told reporters in Almaty today. The fund, which owns 51 percent in the airline, doesn’t want to reduce its stake, he said..............................................Full Article: Source
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