Brazil's Gol airline paves way for capital increase

miércoles 21 de enero de 2015 20:10 GYT
 

SAO PAULO Jan 21 (Reuters) - Gol Linhas Aerea proposed changes to its capital structure on Wednesday that would allow Brazil's second-largest airline to expand its capital base and take on new investors though the company stressed no deals were currently in the works.

Edimar Lopes Neto, investor relations director, said Gol would split its common shares while increasing the rights of preferred shares by the same proportion in order to facilitate a future capital increase.

The company will also adopt more stringent corporate governance standards that will better align shareholder interests, Lopes said.

Lopes noted, however, there was no specific plan at the moment for a capital increase nor was it in talks with any potential investors.

But the company said in a statement that any future parties interested in acquiring a stake of 30 percent or greater in the company's equity would be required to hold a public tender. (Reporting by Julian Schincariol and Reese Ewing, editing by G Crosse)