26-May-2011 4:22 PM
Korea Aerospace Industries gets IPO approval; EADS signs agreement with Wipro
Analysis
Several shareholders of Korea Aerospace Industries reportedly plan to offer up to 24.6 million shares in the civilian and military aerospace manufacturer. KAI applied to list to Korean regulators last month, reportedly intending to sell 36.6 million shares - equivalent to a stake of approximately 40% and potentially valued at more than USD535 million.
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