After bids from three groups, Avianca action up 32%
Avianca | December 14, 2016
After learning of the December 5 names interested in becoming strategic partners of Avianca Holdings (AVH), the price of the preferred stock took flight in the stock market. As recalled, the US newspaper The New York Times (NYT) revealed that the offer of Delta Airlines was the most attractive by the airline, as it offered 1,000 million dollars in cash , most of which would go to buy the part of Synergy group, the investment holding company of German Efromovich, and the rest to Avianca.