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FINANCIAL NEWS
Qatar Airways purchases 10pct share in Latam
30 Dec 2016
(MENAFN) Qatar Airways, Qatar’s national carrier has proclaimed the finishing of its acquisition of a 10 percent share in Latam Airlines Group.
Accordingly, the transactions will worth USD608.4mn, while Qatar Airways and Chile-based Latam are members of the one world alliance.
Moreover, the pre-emptive rights offering of 61.316 new shares, at a price share of USD10mn.
Meanwhile, Qatar subscribed 30.349.907 shares not subscribed by the shareholders amid the pre-emptive rights period.
M
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