Latam Airlines operates with a sharp fall in the stock market after controllers announced the sale of shares



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The minimum price to be placed will be $ 1,150, indicated the company that currently owns 21.46% of Latam Airlines.

On Wednesday night Costa Verde Aeronáutica, a partnership with which the Cueto and Amaro families invest in Latam Airlines, announced that it will sell shares of the airline in order to participate in the financing formula that was recently approved by the United States justice.

As an effect of the above, and considering that they will offer the papers at a price lower than yesterday’s market close, it is that the stock fell this Thursday. According to the information provided by the Santiago Stock Exchange Latam’s stock closed $ 1,278.8, which represents a decrease of 0.21%.

In an essential fact sent to the Commission for the Financial Market (CMF) The company indicated that it ordered LarrainVial to sell 4,000,000 shares, which represents 0.66% of the property of the company. The goal is to raise a minimum amount of $ 4.6 billion.

He minimum price to be placed will be $ 1,150 indicated the company that currently owns 21.46% of Latam Airlines.

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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