Malaysia's Weststar Group weighs local IPO of KKR-backed helicopter unit: report

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Malaysia-based The Weststar Group is considering an initial public offering of its helicopter services unit in Kuala Lumpur to raise at least $300 million, Bloomberg reported.

Weststar is understood to be in talks with advisors on the listing of the helicopter service unit Weststar Aviation Services Sdn, which is backed by buyout firm KKR. The listing is expected to happen as soon as next year, the Bloomberg report added citing unnamed sources.

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