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KM Financial Solutions | UPDATE 4-Gol buyout plan wipes 39 pct off Smiles market cap, prompts Brazil inquiry
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UPDATE 4-Gol buyout plan wipes 39 pct off Smiles market cap, prompts Brazil inquiry

14 Oct UPDATE 4-Gol buyout plan wipes 39 pct off Smiles market cap, prompts Brazil inquiry

Posted at 21:42h in News by
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Brazilian airline Gol Linhas
Aéreas Inteligentes SA on Monday announced a plan to
buy out minority shareholders in its loyalty program Smiles
Fidelidade SA for an undisclosed price, battering the
unit’s shares and prompting regulatory scrutiny.

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