Stock Market News

Brazil’s Gol signs deal to convert $950 million in Abra debt into Gol shares

3 hours ago

Less than a minute

2024.11.06 08:57

© Reuters. FILE PHOTO: An airplane of Brazilian airline Gol is seen at Brasilia International Airport, in Brasilia, Brazil May 27, 2024.REUTERS/Adriano Machado/File Photo

SAO PAULO (Reuters) – Brazilian airline Gol said on Wednesday in a securities filing that it has signed a deal with its shareholder Abra to reinforce its current restructuring plan.

According to the company, the deal includes the conversion of $950 million in Abra’s secured debt into Gol shares.

3 hours ago

Less than a minute

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