Thursday, January 14, 2010

Shares in Axxion Jump On Speculation that Presidential Candidate Pinera will Sell LAN Airlines Stake

Ahead of the January 17, 2010 second round of Chile's presidential elections shares of Axxion, an investment company that controls 72.3% of presidential candidate Pinera's 26.33% stake in LAN Airlines S.A. (Santiago Stock Exchange:LAN), jumped 36.4%, as investors speculate on the likely sale of Pinera's LAN stake following a victory in the election.

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