As Avianca Weighs Bids, Hedge Fund Plays Unusual Role: Diplomat

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<h1>As Avianca Weighs Bids, Hedge Fund Plays Unusual Role: Diplomat</h1>
<blockquote class=”repubhubembed”><p class=”rhexcerpt”>Trouble was brewing this summer at Avianca Holdings, Latin America’s second-biggest airline. Tight on cash, the airline needed to raise money. For many on the board, one option was selling part of the company. The company’s largest investor — a swashbuckling, Bolivian-born entrepreneur, Germán Efromovich — had other ideas. The airline was the thread holding together&hellip;<!–more–></p><style scoped>.repubhubembed{display:none;}</style></blockquote>
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