Delta in $446 mln stock, loan deal to increase stake in Brazil's Gol
SAO PAULO, July 10 (Reuters) - U.S. carrier Delta Air Lines Inc will expand its alliance with Brazil's Gol Linhas Aereas Intelligentes SA under a $446 million stock and loan agreement, Gol said on Friday in a statement.
Under the accord, Brazilian investment fund FIP Volluto will buy up to $90 million and Delta up to $56 million of new Gol preferred stock, and Delta will guarantee third-party loans to Gol of up to $300 million, the statement said. (Reporting by Alberto Alerigi and Jeb Blount; Editing by Ken Wills)
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