Chilean President concludes LAN sale

Chilean President, Sebastian Pinera, concluded the sale of his 26.3% stake in LAN Airlines raising a total of USD1.5 billion in the past month (Bloomberg/Reuters, 25-Mar-2010). Portions of his stake in the carrier were sold to:

• Celfin Capital SA: 6.4%;
• Cueto family: 8.6%;
• Temasek Holdings: 1.18%;
• Bethia SA: 8%.