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Chilean President concludes LAN sale

26-Mar-2010 1:05 PM

Chilean President, Sebastian Pinera, concluded the sale of his 26.3% stake in LAN Airlines raising a total of USD1.5 billion in the past month (Bloomberg/Reuters, 25-Mar-2010). Portions of his stake in the carrier were sold to:

  • Celfin Capital SA: 6.4%;
  • Cueto family: 8.6%;
  • Temasek Holdings: 1.18%;
  • Bethia SA: 8%.