Precision Air to list; 1Time issues new shares
Precision Air stated it expects to list on the Dar es Salaam Stock Exchange (DSE) in Mar-2011 or early Apr-2011. The carrier will disclose details on the price range and how much it plans to raise from the IPO after receiving regulatory approval in the next few weeks. The share sale will result in Kenya Airways reducing its ownership level in the airline to 34%.
