LAN shares down, market awaits sale of President elect’s stake

LAN (-0.8%) shares were down on Monday (15-Feb-2010), after Chile’s IPSA (-0.9%) index closed slightly lower in light trade, as US markets were closed for Presidents Day. The market is currently awaiting Chile's President-elect, Sebastian Pinera’s sale of his 26.3% stake in LAN. Mr Pinera plans to sell the shares before entering office on 10-Mar-2010.

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