Market Chatter: Azul, Gol Parent Expected to Sign Memorandum of Understanding for Potential Deal

MT Newswires Live

01-09

Azul (AZUL) and Abra, the parent company of Gol, are expected to sign a memorandum of understanding for the potential merger of the two Brazilian airlines, news outlet Valor Economico reported Wednesday.

The objective of the memorandum is to discuss details that could pertain to the deal, the report said.

Azul and Gol did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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