15-Oct-2009 4:00 PM
GOL strengthens cash position with new shares issue
Analysis
GOL has joined the stampede of airlines raising capital on debt and equity markets in the past two months, raising USD347 million from its global offering of 38 million preferred shares. The offering included preferred shares in the form of American Depositary Shares (ADS) by the company and its controlling shareholder, ASAS Investment Fund.
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