LATAM Airlines to start process of re-listing shares on NYSE

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LATAM Airlines to start process of re-listing shares on NYSE
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In a filing to Chile's stock exchange, the company said the process involves meeting various requirements from the NYSE and the U.S. Securities and Exchange ...

-LATAM Airlines said on Wednesday its board gave approval to begin the process of re-listing American Depositary Receipts on the New York Stock Exchange.

In a filing to Chile's stock exchange, the company said the process involves meeting various requirements from the NYSE and the U.S. Securities and Exchange Commission and could take up to six months. The Santiago-based carrier traded ADRs, which foreign companies use to list their shares on U.S. stock exchanges, on the NYSE before declaring bankruptcy in 2020.Re-listing will require consent from the principal creditors that supported the company's Chapter 11 reorganization plan, "without whom the company would not have emerged from the reorganization process," the filing said. -- Donald Trump has sued two co-founders of his newly public Trump Media & Technology Group Corp.

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