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Source: Reuters

Singapore's Temasek buys stake in Chile's LAN Airlines

Published: 25 Mar 2010 07:35:36 PST

SINGAPORE, March 25 - Singapore's stake investor Temasek Holdings has bought a 1.18 percent stake in Chile's LAN Airlines, a spokesman said in a statement on Thursday.

The statement gave no further details. Chilean President Sebastian Pinera sold a 3.3 percent stake in the airline in an auction on Thursday, a move that brings the billionaire closer to divesting his holdings in the nation's flagship carrier.

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