BAE Systems to sell remaining stake in Kazakh Air Astana
BAE Systems will sell its remaining stake in Air Astana through a secondary offering of 6.1 million GDRs. The move marks the firm's full exit from the airline.
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The major defense contractor based in the United Kingdom, BAE Systems plc, is set to divest its remaining interest in Air Astana, the national carrier of Kazakhstan. The airline confirmed on Thursday that the British firm will exit its position entirely following a secondary market transaction.
