Chile President-elect Sebastian Pinera on Friday approved the sale of his 26% stake in LAN Airlines, the largest single shareholding in the carrier, clearing the way for the Cueto family, which owns the second-largest share at between 20% and 25%, to buy some or all of the wealthy politician's holding. Pinera takes office next month and has promised to sell his holdings in LAN and other Chilean companies to avoid conflicts of interest. His LAN stake is worth $1.5 billion, according to ...

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