Axxion to Discuss LAN Stake Sale

Axxion to Discuss LAN Stake Sale

Chile M&A

Axxion, the holding company through which Chile’s president-elect Sebastian Pinera owns 19.0% of airline LAN, will meet shareholders to discuss the sale of all or part of the stake February 5. Pinera has promised that he will sell his entire LAN holding, which local analysts value at around $1.5bn, before he takes over the presidency in March. Celfin Capital was hired last April to handle the sale. Inversiones Santa Cecilia, another of the companies Pinera controls, owns 7.3% of LAN. It als

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