Bloomberg News

Delta Investment ‘Very Positive’ for Brazil’s Gol, Bradesco Says

December 07, 2011

Dec. 7 (Bloomberg) -- Delta Air Lines Inc.’s plan to invest $100 million in Gol Linhas Aereas Inteligentes SA is “very positive” for the Brazilian carrier, Banco Bradesco SA said.

The 47 percent premium offered on Gol’s shares implies a higher value for the company and gives it access to Delta’s global platform, Edigimar Maximiliano Jr., an analyst at Bradesco, wrote in a note to clients today.

Bradesco reiterated its “outperform” rating on Gol.

--Editor: Richard Richtmyer

To contact the reporter on this story: Alexander Cuadros in Sao Paulo at acuadros@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos in New York at papadopoulos@bloomberg.net


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