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The company indicated that it will sell 4,000,000 shares, which represents 0.66% of the company’s shares.
Costa Verde Aeronáutica, the partnership with which the Cueto and Amaro families invest in Latam Airlines reported this Wednesday that they sent LarrainVial to put shares of the airline on the market in order to raise funds to participate in the financing recently approved in the North American justice system.
In an essential fact sent to the Commission for the Financial Market (CMF) the company indicated that it will dispose of 4,000,000 shares, which represents 0.66% of the company’s shares. The goal is to raise a minimum amount of $ 4.6 billion.
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“It is stated that the sale of these shares is intended to raise funds to complete – together with other sources of financing already obtained by the Company – the financing that it will provide to LATAM under the debtor in possession modality to ensure cash availability during the Chapter 11 reorganization process that LATAM is hosting in the United States of America, “he said in the communication to the regulator.
Currently Costa Verde today owns 21.46% of Latam’s shares.
It should be remembered that Judge James L. Garrity Jr approved a financing for US $ 2.45 billion, in which, in Tranche C, the Cueto family will contribute US $ 200 million.
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