By Brazil Stock Guide – Gol Linhas Aéreas Inteligentes (B3: GOLL54) has completed the financial settlement of its public tender offer and confirmed March 27, 2026, as the last trading day for its preferred shares on Brazil’s B3 exchange. The company will be formally extinguished on April 1 following a corporate restructuring that takes it private.
The offer was carried out by Gol Investment Brasil (GIB), which now holds 967,162,416,253 preferred shares—approximately 99.95% of total capital. The price was set at R$11.45 per lot of 1,000 shares, adjusted by Brazil’s benchmark Selic rate until settlement. Shareholders who did not tender may still sell their holdings through March 25 under the same terms.
The transaction is part of a broader post-Chapter 11 restructuring aimed at simplifying the group’s structure and cutting regulatory costs. Under the plan, GIB will be merged into Gol Linhas Aéreas (GLA), a privately held entity that will assume all assets and liabilities, completing the delisting process.
Gol’s exit from the stock exchange closes a cycle that spanned nearly two decades, marked by rapid domestic expansion, strategic partnerships and, more recently, deep financial restructuring in a sector still pressured by currency volatility, fuel costs and intense competition, including past merger discussions with Azul Linhas Áreas Brasileira.
Leave a Reply