LATAM Airlines Group Wants to Increase Ownership in LATAM Brasil

LATAM Airlines Group has requested authorization from the Administrative Council for Economic Defense (CADE) in Brazil to increase its stake in indirect shares of LATAM Airlines Brasil from 48.9 percent to 51 percent. Although a mere 2.1 percent increase, the move would give the group, based in Chile, a majority share in the Brazilian airline. The move comes a few months after former president of Brazil, Michel Temer, signed a decree allowing foreign investors to have 100 percent ownership of…