Gol and AIG Sell Stock

Brazil’s low-cost carrier Gol and its shareholder AIG Capital Partners, have raised $204.7 million with the sale of new and existing shares in the airline. Gol and an affiliate of AIG Capital, sold 14.7 million non-voting preferred shares. Gol sold 5.5 million new shares and AIG’s affiliate BSSF sold 9.2 million shares it held in the carrier. Gol, now Brazil’s third airline, went public last year in a New York and São Paulo IPO.