Farnborough 2016: Qatar Airways to take stake in LATAM

6 months ago Comments Off on Farnborough 2016: Qatar Airways to take stake in LATAM

Qatar Airways is to take up to a ten per cent stake in oneworld partner LATAM, which will be acquired in connection with a capital increase. As provided for in the subscription agreement, LATAM Airlines Group will hold an Extraordinary Shareholders Meeting no later than September 2nd, 2016 to propose a capital increase in the amount of US$ 613 million through the issuance of new shares at a price of US$ 10 per share.
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