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LATAM Airlines Group announces the successful conclusion iof its capital increase

Qatar Airways acquires 10% of LATAM’s total shares.

SANTIAGO, CHILE – LATAM Airlines Group S.A., leading airline group in Latin America, and world-class airline Qatar Airways, both members of the oneworld alliance, announced that Qatar Airways, through its wholly owned subsidiary Qatar Airways Investments (UK) Ltd, completed its acquisition of 10% of LATAM reaching a total of 60,837,452 shares.

The preemptive rights offering of 61,316,424 new shares, at a price per share of US$10, ended on December 23, 2016, in which Qatar subscribed shares of LATAM through its wholly-owned subsidiary Qatar Airways Investments (UK) Ltd., in its capacity as assignee of the preemptive right assigned by the shareholders of the Cueto, Amaro, Eblen and Bethia Groups to Qatar, as agreed between LATAM and Qatar, and other minority shareholders subscribed 12,140 shares of LATAM.

Later, on December 28, 2016, Qatar subscribed 30,349,907 shares not subscribed by the shareholders during the preemptive rights period.

The entrance of Qatar Airways as shareholder of LATAM represents a unique opportunity to develop a long-term relationship and explore new opportunities for connectivity with Asia and the Middle East.

News Editor - TravelDailyNews Media Network | + Posts

Angelos is the news editor for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). His role includes to monitor the hundrends of news sources of TravelDailyNews Media Network and skim the most important according to our strategy.

He currently studies Communication, Media & Culture in Panteion University of Political & Social Studies of Athens.

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