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BAE Systems plc
BA.UK
The world's second largest defense company, the third largest defense airline, and the third largest electronic airline
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BAE Systems sells larger-than-expected stake in Air Astana

BAE Systems sold a larger-than-expected stake in Air Astana, reducing its holding from 16.95% to 6.9%. The sale of 9 million GDRs at USD5.80 each raised USD52.2 million. This move increases Air Astana's free float and aligns with BAE's strategy, as Air Astana is no longer a core holding. BAE's shares rose 1.3% following the sale.

marketscreener·
UK
BA
0.00%
marketscreener·
UK
BA
0.00%

BAE Systems Says Selling Shareholder Sells 9 Mln GDRS At $ 5.80 Each

BAE Systems PLC :RESULTS OF PLACING OF GDRS OF AIR ASTANASELLING SHAREHOLDER SELLS 9 MILLION GDRS AT US$ 5.80 EACHSELLING SHAREHOLDER TO HOLD 6.9% OF COMPANY'S SHARES

Reuters·
US
BAESY
+0.90%
UK
BA
0.00%
Reuters·
US
BAESY
+0.90%
UK
BA
0.00%

UK Stocks-Factors to watch on December 17

UK stocks are expected to open flat on December 17. Key updates include BAE Systems reducing its stake in Air Astana, GSK receiving FDA approval for an asthma treatment, Airtel Africa partnering with SpaceX, and British employers planning 3% pay settlements next year. Oil prices rose due to U.S. sanctions on Venezuela, while gold and copper prices increased amid U.S. job market data. The FTSE 100 closed lower, influenced by energy and defense stock losses and expectations of a Bank of England interest rate cut.

Reuters·
UK
BA
0.00%
US
GSK
-0.14%
Reuters·
UK
BA
0.00%
US
GSK
-0.14%

REG - Air Astana JSC - Statement re BAE Systems disposal

Air Astana JSC announced that BAE Systems plans to sell part of its holding in the Group through an accelerated bookbuild process. BAE Systems, a key partner since 2001, reduced its holding to 16.95% during the 2024 IPO. Air Astana looks forward to new shareholders and noted an increase in free float. The Group recently reported strong financial results and announced its largest aircraft orders in history.

London Stock Exchange·
UK
BA
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London Stock Exchange·
UK
BA
0.00%

BAE Systems halves stake in Kazakh carrier Air Astana

BAE Systems announced it will reduce its stake in Kazakh carrier Air Astana by nearly half, selling global depository receipts representing about 8% of the company's shares. BAE, which initially invested less than $10 million in 2001, had already reduced its stake from 49% last year. Despite the sale, BAE will remain the second-largest shareholder in Air Astana.

Reuters·
UK
BA
0.00%
Reuters·
UK
BA
0.00%
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