AviancaTaca gets good response to share issue
Preliminary results suggest that requests for shares in AviancaTaca have exceeded $1.5bn following the airline’s share issue in the Colombian market.
It is more than five times the initial offering of approximately $250m. The validation process of the requests will begin today (April 18) and the share allocation will be made between April 29 and May 5; the final allocation will be communicated the following day. On May 11, the new shares will start trading on the Colombian Stock Exchange.
