Air Astana Group appoints National Wealth Fund representative as board member
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Background ✨
BAE Systems had recently reduced its shareholding in Air Astana Group, completing the sale of nine million global depositary receipts and retaining 6.1 million GDRs, but remained a key shareholder after the transaction1. Air Astana Group originated as a joint venture between Kazakhstan and BAE Systems in 2001, with BAE Systems' holding reduced as part of the 2024 IPO2.