MAP air purchase goal for R$ 28 million – 06/09/2021 – Market

Gol closed an agreement for the acquisition of MAP Transportes Aéreos for R$28 million in cash and shares, according to a material fact sent to the CVM (Securities Commission) on Tuesday night (8).

Founded in 2011, MAP has a fleet of seven ATR aircraft with 70 seats that operate on routes in the Amazon region from Manaus airport and in the South and Southeast regions from Congonhas airport in São Paulo.

The amount, to be paid after compliance with all conditions precedent, comprises 100,000 preferred shares of Gol at R$28 per share and R$25 million in cash in 24 monthly installments.

Gol stated that it will assume up to R$ 100 million in financial commitments from MAP at the end of the operation, which depends on approvals from Anac (National Civil Aviation Agency) and Cade (Administrative Council for Economic Defense).

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