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Qatar Airways to acquire up to 10% of LATAM Airlines for $613 million

Staff Writer |
Qatar Airways has agreed to acquire up to 10 percent of Latin America’s largest airline LATAM Airlines, in a deal that would inject $613 million into the Chile-based carrier.

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“We have signed a subscription agreement that provides for Qatar Airways to acquire up to 10 percent of LATAM’s total shares, which will be acquired in connection with a capital increase,” Qatar CEO Akbar Al Baker told a media briefing.

Under the agreement, LATAM will hold an extraordinary shareholders meeting by September 2 to propose a capital increase of $613 million through the issuance of new shares at $10 per share, the companies said in a statement.

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