LATAM affiliate announces Multiplus dealSeeking Alpha #At_CNBC

LATAM affiliate announces Multiplus dealSeeking Alpha #At_CNBC

February 12, 2019 0 By NewsTakers

Latam Airlines Group ( LTM -1.5%) says affiliate TAM Linhas Aereas (also called LATAM Airlines Brazil) doesn’t intend to renew or extend its operating agreement with Multiplus after December 31, 2024.
LATAM Airlines Brazil also announced its intention to offer to snap up all the shares in Multiplus that LATAM’s affiliates do not currently own and to subsequently de-list Multiplus from the Brazilian exchange.

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