American Airlines Takes 8% of Brazil’s Azul
6 Articles
6 Articles
Azul informed, on Tuesday (20), that American Airlines exercised all of the subscription bonuses that it held in the company, concluding the investment announced previously. The operation was approved by the board of directors of the Brazilian airline and resulted in a capital increase of R$ 512.8 million. In addition to the exercise of the bonuses held by American, other investors also converted part of their securities into shares. As a result…
American Airlines has completed its investment process for the Brazilian airline Azul.
Operation occurs after American Airlines completes investment and was approved on Tuesday (20)
Azul (AZUL3) received from American Airlines the notification of exercise of all the ordinary share subscription bonuses that the American airline held of the company. According to the relevant fact this Wednesday (20), the notification covered the bonuses of Series 1 (AZUL11), in the amount of 3,958,429,263,261 bonuses, and of Series 4 (AZUL19), in [...]
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