Thursday, January 5, 2012

JAL eyes IPO of as much as US$13 bln

TOKYO (Jan 5): Japan Airlines Co plans to list its shares in an initial public offering that could raise as much as 1 trillion yen ($13 billion), Bloomberg reported on Thursday, citing two people familiar with the matter.

A JAL spokesman declined to comment. A government-backed turnaround body hired Nomura Holdings Inc and Daiwa Securities Group Inc in July as advisers on plans to re-list shares in the carrier, which filed for bankruptcy protection in January 2010.

The IPO could take place as early as September, Bloomberg said. - Reuters

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