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Thursday, March 3, 2011

Indonesia's Air Asia picks CIMB, Credit Suisse for IPO

PT Air Asia Indonesia, a unit of Malaysia's Air Asia Berhad , has picked CIMB Securities and Credit Suisse as underwriters for its initial public offering this year, said an executive at the firm on Thursday.

The budget airline has said that it plans to raise between $150 million to $200 million in an IPO in the third or fourth quarter.Source: Reuters

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