BAE Systems may sell part of its stake in "Air Astana" JCS during the "People's IPO"

/IRBIS, September 22, 2011/ - British BAE Systems, which owns 49%-share in the capital of JSC "Air Astana", may sell part of its stake in the upcoming IPO, said chief executive Peter Foster said today IA News-Kazakhstan. JSC "Air Astana" is a joint venture of JSC "National Welfare Fund "SK" and British company BAE Systems PLC, with a share of 51% and 49%, respectively. "Once the decision was not adopted, but it is clear that the "SK" will retain a majority stake", - said Foster, speaking about who will make the seller shares of the airline. "This is all being discussed", - he added, responding to journalists' question whether the additional issue be carried out or BAE Systems to sell part of its stake in the airline. It is reported that shares of JSC "Air Astana", together with JSC "KazTransOil" and KEGOC and will be offered to the public in the first phase of the program "The People's IPO" - in the second and third quarters of 2012. [2011-09-22]