Shenzhen Airlines eyes $1 bln IPO - paper
(For an expanded IPO diary, click on <HK/IPOMENU>)
HONG KONG, Aug 13 (Reuters) - Shenzhen Airlines, a major privately owned airline in China, aims to raise about US$1 billion in an initial public offering of shares next year, a Hong Kong newspaper reported on Monday.
The South China Morning Post cited people familiar with the company as saying Shenzhen Airlines plans to raise up to US$200 million from the sale of a 20 percent stake before launching the IPO.
A fund run by Deutsche Bank (DBKGn.DE) and hedge funds, including Marathon and Och-Ziff, were among parties interested in the sale, the paper said, citing sources.
It gave no further listing details.
Another privately owned mainland carrier, Juneyao Airlines, plans to raise US$150 million by selling an up to 25 percent stake to overseas strategic investors, the paper said. Juneyao hired Citigroup (C.N) as financial adviser for the share sale, it added.
(US$1=HK$7.8)
((Reporting by Donny Kwok, editing by Rachael Barker; donny.kwok@reuters.com; Reuters Messaging: donny.kwok.reuters.com@reuters.net; +852 2843 6441, Fax +852 2845 0636)) Keywords: SHENZHENAIRLINES IPO
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