GOL Proceeds With Webjet Acquisition Through Stock Purchase
GOL Linhas Aereas Inteligentes has purchased all the shares in domestic low-cost rival Webjet Linhas Aereas. The acquisition of 100% of Webjet’s stock cost BRL70 million ($37 million), says GOL, although the assumption of debt could price the entire acquisition at more than BRL300 million. GOL also...
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