Benzinga | Jan 3, 2022 10:02AM EST

GOL Obtains CADE Approval For MAP Acquisition

* Gol Linhas Aereas Inteligentes SA (NYSE:GOL) received approval without restrictions from the General Superintendency of the Administrative Council for Economic Defense (CADE) for the acquisition of MAP Transportes A?reos Ltda.

* In June 2021, GOL Linhashad agreed to acquire MAP Transportes A?reos, a Brazilian domestic airline, for R$28 million in cash and stock.

* Founded in 2011, MAP Transportes A?reos operates on routes in the Amazon region from the Manaus Airport and Brazil's South and Southeast regions from Congonhas.

* Price Action: GOL shares are trading lower by 1.40% at $5.97 on the last check Monday.