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GOL acquires Varig

San Paolo, Brazil - Transaction for USD 320 m

GOL Linhas Aereas, the second Brazilian airline after TAM, has concluded the negotiations for Nova Varig (VRG Linhas Aéreas) acquisition. The transaction will require GOL investments for USD 275 m, and for other 45 including the Varig debentures on the stock market, for a total amount of USD 320 m. The agreement, in case of Brazilian authorities approval, will allow the two airlines to independently...

AVIONEWS - World Aeronautical Press Agency - 1071754
Rome, Italy, 03/30/2007 12:11
AVIONEWS - World Aeronautical Press Agency

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