Asia/Pacific

Kazakh sovereign wealth fund sold 51% of Qazaq Air for $2m, mostly to key Vietjet shareholder

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Kazakh sovereign wealth fund sold 51% of Qazaq Air for $2m, mostly to key Vietjet shareholder

Kazakhstan’s sovereign wealth fund Samruk-Kazyna has revealed that it sold a 51% stake in domestic carrier Qazaq Air for 1.02bn tenge ($1.98 million) earlier this year.In a disclosure filed with the Kazakhstan Stock Exchange (KASE), Samruk-Kazyna confirmed the sale price and stated that it has “...

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