Air Astana, which is 49% owned by the British defence firm, announces plans to float on London stock market
Kazakhstan’s national airline has announced plans to float on the London stock market, bringing a potential windfall to BAE Systems, which has been an investor for more than two decades.
Air Astana, which is 49% owned by the British defence company, hopes to list in London and Kazakhstan and raise $120m (£94m). The airline, which is majority owned by the Kazakh sovereign wealth fund, did not say how much of the company would be floated and is yet to confirm an expected valuation range.
About Author
More Stories
Qantas posts $1.39bn profit as holidaymakers flock to Jetstar
Chinese fishing fleets using North Korean forced labour in potential breach of sanctions, report claims
Trump’s threatened 25% tariffs on EU imports could trigger ‘economic turmoil’