- GOL Linhas Aereas Inteligentes SA GOL has entered into definitive arrangements through an investment agreement with American Airlines Group Inc AAL.
- GOL will expand its commercial cooperation with American and an equity investment of $200 million by American in 22.2 million newly issued preferred shares of GOL through a capital increase for a 5.2% participation in GOL's economic interest.
- Related: GOL To Receive $200M Investment From American Airlines, Upgrades Codeshare Agreement
- The closing of the transaction, including the issuance and payment for newly issued preferred shares of GOL, is subject to customary closing conditions, including antitrust approval in Brazil.
- Price Action: AAL shares are trading higher by 1.58% at $16.71 and GOL higher by 2.17% at $6.59 during the premarket session on Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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