STXNEWS LATAM-General Atlantic to exercise option to buy Smiles stock

lunes 24 de febrero de 2014 20:28 GYT

U.S.-based buyout firm General Atlantic LLC will exercise an option to buy shares of Smiles SA, the customer loyalty unit of Brazil's Gol Linhas Aéreas Inteligentes SA , the airline said in a statement on Monday.

The buy option price per share is 21.7 reais ($9.30), but the final price and total amount of Smiles shares to be purchased by General Atlantic will be determined by Feb. 27, Gol said in the filing. ($1 = 2.3322 Brazilian reais) (Reporting by Alonso Soto. Editing by Andre Grenon)