May 17, 2019 / 10:14 AM / 10 days ago

Kazakhstan picks J.P. Morgan, UBS for Air Astana IPO: official

Wheat fields during harvesting are seen in an aerial view as an AirAstana plane approaches Astana, Kazakhstan, September 3, 2016. REUTERS/Shamil Zhumatov

NUR-SULTAN (Reuters) - Kazakhstan has appointed J.P. Morgan and UBS as global coordinators for the planned initial public offering of its flag carrier Air Astana, a senior executive at the Samruk-Kazyna sovereign wealth fund said on Friday.

The details of the offering are yet to be decided, Samruk-Kazyna managing director Almasadam Satkaliyev told a conference.

Reporting by Olzhas Auyezov; Editing by Jan Harvey

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