Saturday, June 14, 2014

CVA had explained government vehicle auctions a few days ago to the Superintendency of Securities a


The Chilean airline LAN, owned Cueto Group, held just hours ago, just before Christmas, a millionaire who gets shares between two companies also property and to simplify the management of its assets with a view to merger of the company with the Brazilian company TAM, according to the Chilean stock market officially informed sources.
The stock sale was conducted by brokerage Celfin actions and involved almost 800,000 million shares of the company Costa Verde Aeronautica SA, for a total of about 2,131 million dollars, which was established in the largest stock exchange transaction History of the Santiago Stock Exchange.
The value obtained for the shares was about $ 2.7 per unit and these were transferred by this mechanism to the Investment Company CVA, through which the brothers Cueto indirectly control the LAN airline. government vehicle auctions
CVA had explained government vehicle auctions a few days ago to the Superintendency of Securities and Insurance, the primary objective of the operation was, quote, "to simplify the structure of indirect ownership of the current drivers, with a view to providing shareholders' government vehicle auctions agreements entered into with drivers TAM. "
Hence the creation of a company, LATAM, would become when put into operation the largest airline in the entire Latin American region, with expected annual income higher than 8,500 million reported.
Poe these days the operation is being evaluated by the respective Regulators of Chile and Brazil, according to advance by one of the Cueto, Ignacio brothers, it is expected that everything is ready to terminate the contracts at the end of January 2011.
"We government vehicle auctions see the operation with many possibilities and hope that next summer we are firm to start earth work together," said Chilean executive at a major awards ceremony held in his country.
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