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3-Sep-2010 1:01 PM

Brazil's Finance Minister states TAM merger satisfies foreign ownership rules

Brazil’s Finance Minister Guido Mantega announced the proposed purchase of TAM by Chile’s LAN Airlines satisfies foreign ownership rules (Bloomberg, 03-Sep-2010). LAN agreed to purchase TAM on 13-Aug-2010 in an all-stock deal worth USD3.8 billion.

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