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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 crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management