28-Oct-2010 1:05 PM
LAN Airlines Announces Agreement to Acquire Colombian Airline AIRES S.A.
Direct News Source
SANTIAGO, Chile, Oct 27, 2010 (BUSINESS WIRE) -- LAN Airlines S.A. (LAN) , today announced an agreement to acquire 98.942% of the outstanding shares of Colombian airline AIRES, through the purchase of its parent entities. The acquisition is subject to a due diligence process and compliance with all corresponding regulatory requirements and authorizations, as well as the incorporation of Colombian shareholders into the company.
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