LATAM Airlines Group S.A. and Qatar Airways Completes Capital Increase

LATAM Airlines Group S.A, an airline group in Latin America, said Wednesday that Qatar Airways, through its wholly owned subsidiary Qatar Airways Investments (UK) Ltd., completed its acquisition of 10% of LATAM reaching a total of 60,837,452 shares.

The preemptive rights offering of 61,316,424 new shares, at a price per share of $10, ended on Dec. 23, 2016, in which Qatar subscribed shares of LATAM through its wholly-owned subsidiary Qatar Airways Investments (UK) Ltd. (“Qatar”), in its capacity as assignee of the preemptive right assigned by the shareholders of the Cueto, Amaro, Eblen and Bethia Groups to Qatar, as agreed between LATAM and Qatar, and other minority shareholders subscribed 12,140 shares of LATAM.

On Dec. 28, 2016, Qatar subscribed 30,349,907 shares not subscribed by the shareholders during the preemptive rights period.

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