Gol Pulls Share Offering

Low-cost Brazilian airline Gol has pulled its planned share offering, without offering an explanation. In May, Gol filed an application with securities regulator CVM to make a public offering of shares to domestic and foreign investors. Gol had planned to issue 2.5 billion of new, non-voting shares, as well as making a secondary offering of 14 billion preferred shares, worth around $460 million.