Reported 12 months ago
LATAM Airlines announced plans to continue with the re-listing of American Depositary Receipts (ADRs) and conduct a secondary sale under a registration rights agreement. The Santiago-based carrier initiated the re-listing process of ADRs on the New York Stock Exchange in April, anticipating it to take up to six months. The company disclosed that the re-listing of ADRs will coincide with the secondary sale, which will be conducted exclusively in the United States and other jurisdictions outside of Chile through the issuance of new ADRs.
Source: YAHOO