18-Mar-2010 5:09 PM
Increase in foreign ownership levels being considered in fast-growing Brazilian market: share wrap
Analysis
Brazil's Ministry of Defence, in a Bill sent to Congress, proposed to raise the foreign ownership cap applying to airline ownership, potentially enabling international parties to acquire up to a 49% stake in Brazilian airlines (up from the current 20% limited). GOL's shares were 2.3% lower yesterday.
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