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Bethia Takes LAN Stake Via Axxion

Mar 24, 2010

Chile’s Grupo Bethia has acquired investment firm Axxion from Inversiones Santa Cecilia for about $430m. This gives it Axxion’s sole asset, an 8.0% stake in Chilean airline LAN,...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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