Wednesday, June 25, 2014

The brokerage gets carried Celfin Capital securities 770 342 202 Costa Verde Flying oldie (CVA). Th


The brokerage gets carried Celfin Capital securities 770 342 202 Costa Verde Flying oldie (CVA). The Cueto Group, plans to transfer their shares of CVA (Costa Verde Aeronáutica) Investment CVA. The Cueto Group, Driver Lan airline made the biggest kick of actions in the history of the local market to restructure oldie their societies and simplify oldie the management of their assets, before completing a merger with Brazil's TAM. The brokerage Celfin Capital auctioned securities 770 342 202 Costa Verde Flying (CVA), a company representing Cueto in Lan, at a minimum price of $ 1,300 per share, equivalent to a total of U.S. $ 2,135 million. The Cueto Group, composed of Enrique, Juan José and Ignacio brothers, plans to transfer their shares of CVA (Costa Verde Aeronáutica) Investment CVA, through which indirectly controls Lan. CVA said this week in a letter to the Superintendency of Securities and Insurance (SVS), that the "reorganization is intended to simplify the structure of indirect ownership of the current drivers (...) with a view to providing for agreements between shareholders subscribe to TAM drivers. " FUSION Lan Airlines and TAM announced on August 13 an agreement to merge the companies and form a giant of aviation in Latin America, with annual revenues of U.S. $ 8,500 million. The combined company is awaiting approval from antitrust regulators in Chile and Brazil to go ahead with the merger. "We hope to end January and end all contracts, negotiations (...) we made our approach to the authority for how we see this and also the subject of a government coming in and another in Brazil," said Ignacio Cueto during an award ceremony of the Duna radio. "We see many possibilities and hope that next summer we are in right to start earth work together," he added. The new company, to be called Latam Airlines Group, which will be created by a transaction of exchange oldie of shares would rank eleventh in the world ranking of air traffic with 46 million passengers last year to 115 destinations in 23 countries. www.latercera.cl
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