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ANA to Raise Up to 141 Bil. Yen in Public Offering
Monday, July 13, 2009 10:59 AM


(Source: Kyodo News International, Tokyo)trackingBy Kyodo News International, Tokyo

Jul. 13--TOKYO -- All Nippon Airways Co. said Monday it will raise up to 141.67 billion yen in a public offering and third-party allotment of new shares to strengthen its financial standing and to prepare cash for investment in new aircraft.

Japan's second-largest airline will sell 537.5 million new shares for 259 yen per share in its first public offering since 2006.

It will sell an additional 37.5 million new shares, depending on investor demand.

ANA said the fresh funds will be used to purchase new aircraft, including orders for 55 of Boeing Co.'s medium-sized 787 Dreamliner.

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