Avianca Holdings has announced it has sold its 50% stake in Getcom to Panama-based Seger Investments, Corp. for an unspecified amount.
Seger is the Spain-based business outsourcing specialist's other 50% shareholder and, as such, with the closure of the deal, becomes its sole shareholder.
In November last year, Avianca Holdings confirmed plans to sell off its interest in a number of non-core shareholdings in order to raise USD100 million in much-needed capital.
Aside from Getcom, other Avianca Holdings assets earmarked for sale include:
- 100% of its logistics unit Deprisa;
- 62% of SANSA - Servicios Aéreos Nacionales and 62% of La Costeña;
- 42% of its Colombian tour operator Viajes Éxito;
- 58% of its Servicios Aeroportuarios Integrados (SAI) groundhandling unit;
- 50% of its Avianca-CAE Flight Training joint venture.
