Vietnam Airlines to pick foreign investors by Feb 2015

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HANOI (Oct 15): Vietnam Airlines is looking to sell a combined 20 percent stake to up to three foreign strategic partners by February 2015, a report by a consultant said.

While the national carrier would prefer a single foreign airline as a strategic partner, it is willing to consider overseas financial investors after its initial share sale, according to a privatisation plan published by Vietnam Airlines' consultant firm BIDV Securities late on Tuesday. (bsc.com.vn)

The Hanoi-based airline plans to raise at least $51.4 million by selling 49 million shares, or a 3.47 percent stake, at 22,300 dong ($1.05) each in its initial public offering on Nov. 14.