LATAM Airlines receives board approval to re-list ADRs on NYSE following 2020 bankruptcy.
LATAM Airlines, based in Santiago, received board approval to re-list American Depositary Receipts (ADRs) on the New York Stock Exchange (NYSE). The airline, which traded ADRs before 2020 bankruptcy, successfully emerged with an $8B reorganization plan in late 2022. Re-listing process involves meeting NYSE and SEC requirements and may take up to six months; principal creditors' consent required.
April 04, 2024
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