×

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

By Thomson Reuters Nov 6, 2024 | 7:50 AM

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.

(Reporting by Paula Arend Laier)