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LAN and TAM merger suspended over competition concerns

31-Jan-2011 1:56 PM

Chile’s antitrust agency TLDC suspended LAN Airlines’ USD3.7 billion acquisition of TAM Airlines so it can review a petition filed by the consumer group Conadecus (Bloomberg, 30-Jan-2011). Conadecus posted on TLDC’s website that the deal may affect competition “far beyond the Santiago-Sao Paulo route”.