Latam Airlines sells rump

BTG Pactual, Credicorp Capital and JPMorgan are due to close books tomorrow on a sale of the 10.3m shares unsold in Latam Airlines Group’s December rights offering. The deal could raise $156m, if all shares are sold at the $15.17 minimum price. That equals the sale price in the firm’s rights offering. In the December sale, the firm raised $784m when stockholders subscribed to 51.7m shares, 83% of the total available. The transaction was opened on Tuesday.