Chilean President Sebastian
Pinera's holding company Axxion SA said on Wednesday
the group Santa Cecilia agreed to sell its stake in the holding
company to Bethia SA.
(Reporting by Juan Lagorio; Editing by Gerald E. McCormick)
(Update1) Chile’s Cueto family agreed to buy
an 8.6 percent stake in Lan Airlines SA from Chilean President-
elect Sebastian Pinera for $500 million to take control of Latin
America’s largest carrier by market value.
(Update3) Chilean President-elect Sebastian
Pinera plans to offer a 21 percent stake in Lan Airlines SA to
the Cueto family for $1.2 billion as he seeks to exit his
investment in the nation’s largest carrier before taking office.
Chilean President-elect Sebastian Pinera
on Friday approved a plan to sell his majority stake in
flagship carrier LAN , worth an estimated $1.5
billion, at a shareholder meeting of his main holding company
Chile's new conservative president doesn't just have his recent presidential victory to cheer about.
Shares in his company, Axxion, have more than doubled since the election. He's having a field day.
Urged to sell his interest in the company,...
(Update2) The four-day rally that sent shares
of Chilean holding company Axxion SA up more than 100 percent
since billionaire owner Sebastian Pinera’s presidential election
has sparked a regulator’s probe and reignited criticism of...
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