Kingsland files injunction against Avianca, United alliance

Kingsland files injunction against Avianca, United alliance

Colombia M&A

Kingsland Holdings said it has filed a motion for a preliminary injunction to halt an alliance between Avianca Holdings and United Continental Holdings. The holding company, which holds 22% of the Colombian airline, said it was "seeking injunctive relief to prevent the cabal of insiders that controls Avianca... from proceeding with their unlawful attempt to ram through the egregiously one-sided United transaction in order to divert hundreds of millions of dollars to themselves in violation

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