Azul Is in Talks With Gol Shareholder for Stock-Based Deal [Yahoo! Finance]
Citigroup, Inc. (C)
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Source: Yahoo! Finance
controlling shareholder of the rival Brazilian airline, according to people familiar with the matter. Most Read from Bloomberg Dubai Grinds to Standstill as Flooding Hits City Elon Wants His Money Back Singapore Loses ‘World's Best Airport' Crown to Qatar Record Rainfall in Dubai? Blame Climate Change, Not Cloud Seeding Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs In one scenario under consideration, holding company Abra Group Ltd. would contribute its Gol shares to Azul in exchange for a stake in the combined airline, one of the people said, asking not to be identified because discussions are still private. That type of transaction could appeal to Azul because it wouldn't have to commit much cash, if any, another person said. Abra would retain full ownership of its stake in another Latin American airline, Avianca Holdings SA, in that scenario. Any deal would need to be approved by the companies' controllers, creditors and shareholders, along wi
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Earnings
- 4/12/24 - Beat
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- C's page on the SEC website