The European Bank for Reconstruction and Development (EBRD) has invested USD41.99 million in Air Astana (KC, Astana Nursultan Nazarbayev) as shares in the Kazakh carrier’s initial public offering (IPO) began trading in London, Astana, and Almaty this week. The EBRD now holds a 5% stake in the company. Kazakhstan’s central bank, meanwhile, revealed on February 15 that it spent KZT24.9 billion tenge (USD55.5 million) on a 6.5% stake.

Air Astana has said that the funds from the dual IPO will be deployed to…

Source: ch aviation
Read more: EBRD buys 5%, Kazakh central bank 6.5% in Air Astana IPO