LATAM Airlines says not in business tie-up talks with IAG
SANTIAGO Nov 10 (Reuters) - LATAM Airlines said on Tuesday that it is not in talks to sell a stake in the regional carrier to British Airways-owner IAG.
Santiago-listed shares of LATAM ended 2.44 percent higher on Monday following a brokerage report that British Airways-owner IAG is looking at working more closely with the Chile-headquartered carrier, traders said.
In a statement, LATAM Airlines said: "LATAM Airlines Group clarifies that it is not in talks with International Airlines Group that would involve" selling a stake in LATAM to IAG. (Reporting by Anthony Esposito Editing by W Simon)
© Thomson Reuters 2016 All rights reserved.