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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.
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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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