US EditionBAE Systems halves stake in Kazakh carrier Air Astana
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3 Articles
BAE Systems halves stake in Kazakh carrier Air Astana
Dec 16 : Britain's BAE Systems said on Tuesday it will cut its stake in Kazakh carrier Air Astana by nearly half. The aircraft maker, which currently holds about 16.95 per cent stake in Air Astana, is selling global depository receipts representing about 8 per cent of the company's outstanding common shares.
BAe Systems to almost halve its share in Air Astana
BAe Systems has announced that it will sell global depositary receipts representing about an 8% shareholding in Air Astana (KC, Astana Nursultan Nazarbayev) through an accelerated bookbuild process. The transaction will effectively halve the manufacturer's stake in the Kazakh carrier, as it currently holds around 16.9%. BAe Systems partnered with the government of Kazakhstan to launch Air Astana in 2001 and initially held a 49% stake. The shareh…
BAE Systems sells Global Depositary Receipts to the Kazakh airline Air Astana in the amount of around eight percent. Thus, the company almost halves its total stake of 16.5 percent so far, the British armaments company announced.
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