State sells airline stake

  • Published: 13 July 2007 15:00
  • Last Updated: 13 July 2007 15:00

The Kuwaiti government has decided to sell an 80 per cent stake in its loss-making national carrier Kuwait Airways. An initial public offering (IPO) will sell off 40 per cent of the airline, with a further 40 per cent offered by auction to businesses listed on the Kuwaiti stock exchange. The government will retain a 20 per cent stake.



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