SAO PAULO, June 6 (Reuters) - Gol Linhas A?(C)reas Inteligentes SA, Brazil's No. 2 airline, plans to reorganize a customer loyalty subsidiary, tapping significant tax savings from a simplified corporate structure, according to a securities filing on Tuesday.
According to the filing, the loyalty unit known as Smiles SA said the proposal hinges on shareholder approval and involves it being taken over by a Gol subsidiary known as Webjet Participa???ues SA. The proposal will be submitted to shareholders of Smiles at an extraordinary assembly on June 30, the filing said.
(Reporting by Guillermo Parra-Bernal)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities,securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.