26-Mar-2010 1:05 PM
Chilean President concludes LAN sale
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%.