Chile President Sebastian Pinera completed offloading his ownership stake in LAN Airlines by selling an 8% share to Chile's Solari and putting the remaining 3.3% up for sale on the Bolsa de Comercio de Santiago, the country's main stock exchange (ATWOnline, Feb. 24). Solari secured its holding by spending $426 million to purchase Axxion, the investment firm previously owned by Pinera through which he owned a controlling 26% interest in LAN just a few weeks ago. He agreed to sell his LAN ...

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