April 5, 2012 / 6:02 PM / 5 years ago

Chile top court upholds LAN-TAM takeover measures

SANTIAGO, April 5 (Reuters) - Chile's supreme court said on Thursday it rejected LAN Airlines' and Brazilian airline TAM's appeals to lift mitigation measures imposed on their merger by a local antitrust regulator.

LAN's takeover of TAM will create one of the world's largest carriers and is expected to be complete by mid-May.

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