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Latin American airline LAN Airlines SA (NYSE:LFL) (IPSA:LAN) reported on Friday that it has agreed to acquire a majority stake in Colombian carrier AIRES SA.
942% of the outstanding shares of AIRES for USD12m in cash and will also assume net liabilities of approximately USD100m, including USD18m of bank debt.
TEATRO COLON, BUENOS AIRES SEPTEMBER 26-OCTOBER 4, 1998
BUENOS AIRES, Argentina -- Fitch Ratings has assigned foreign and local currency Issuer Default Ratings (IDRs) of 'B' to IRSA Inversiones y Representaciones S.
BUENOS AIRES, Argentina -- On March 7, the city legislature voted to remove suspended mayor of the City of Buenos Aires, Anibal Ibarra, as the majority members of the commission of political judgment found him responsible for the Crogmanon Case (the fire of a Buenos Aires nightclub in December 2004).
BUENOS AIRES, Argentina -- Fitch Ratings has affirmed the 'B-' global scale foreign and local currency unsecured debt ratings, including the euro medium-term note (EMTN) program, of the City of Buenos Aires.