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Kuwait Airways to sell 35% of stock

05 August 2011

The national airline is preparing to privatize by selling stock, which will raise about $281 million.

Tags: Kuwait Airways  |  Citigroup  |  Seabury and Ernst & Young  |  Kuwait Airways Company (KAC)  |  KuwaitNew  |  Kuwait Investment Authority (KIA)

Kuwait Airways, the national flag carrier, will privatize by offering 35% stake in the company to international investors. The company will offer a KD220 million ($804 million) stake to investors and hopes to raise about $281 million from the sale.

Other Kuwaiti airline are excluded from investing.

Citigroup, Seabury...

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