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AviancaTaca's shares issue five times oversubscribed

Analysis

AviancaTaca announced its share issue on the Colombian Stock Exchange (BVC) ended with the requests for shares exceeding USD1.5 billion, more than five times the initial offering of approximately USD250 million. The validation process of the requests will begin 18-Apr-2011 and the share allocation will be made between 29-Apr-2011 and 05-May-2011.

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