Brazilian airline Azul confirms TAP agreement
Brazilian airline Azul confirmed in a securities filing an agreement with the Portuguese government to divest from its stake in Portuguese airline TAP. Azul said it has sold its indirect 6% stake for around 65m reais ($12.15m) and will not exercise rights to convert E90m bonds maturing in 2026 into equity. All the other terms in the bonds are maintained, Azul said. The transaction will need to be approved by Azul’s shareholders, the filing added. <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2020-07-06/star/brazilian-airline-azul-confirms-tap-agreement
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Brazilian airline Azul confirms TAP agreement
Brazilian airline Azul confirmed in a securities filing an agreement with the Portuguese government to divest from its stake in Portuguese airline TAP. Azul said it has sold its indirect 6% stake for around 65m reais ($12.15m) and will not exercise rights to convert E90m bonds maturing in 2026 into equity. All the other terms in the bonds are maintained, Azul said. The transaction will need to be approved by Azul’s shareholders, the filing added. <br/>
