STXNEWS LATAM-Uruguay wants Leadgate to sell Pluna stake-source
Posted on May 18, 2012 at 11:44 AM EDT
Uruguay's government wants to find new private partners to capitalize flagship carrier Pluna airlines, which is struggling financially, an industry source said. The state owns 25 percent of Pluna. The remaining 75 percent is owned by investment fund Leadgate, in which Canada's Chorus Aviation Inc holds a 33 percent stake. The government wants Leadgate to sell its holdings in Pluna to clear the way for other partners.
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