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By bne IntelliNews Air Astana Group, the leading airline group in Central Asia and the Caucasus regions in terms of revenue and fleet size, announced in a statement on February 15 that it has successfully completed its initial public offering (IPO), marking the largest privatisation in Kazakhstan to date with significant involvement from local investors. The IPO, conducted simultaneously on three stock exchanges — the Kazakhstan Stock Exchange, Astana International Exchange and London Stock Exchange — had a total deal size of approximately $370mn (assuming full exercise of the over-allotment o…

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