This past Tuesday (20) GOL informed its shareholders, through a note released by the CVM, that Bank Of America reduced its shareholding in the company.
Previously, Bank Of America held 12,6% of GOL's preferred shares (GOLL4), but in recent years it has gradually reduced its stake in the company.
Now Bank of America has 3,74% of GOL's preferred shares listed on the market.
Previously, the company justified that the bank's shares in the company existed due to an ADS Loan agreement signed by Mobi Fundo de Investimento em Ações, and Merrill Lynch, a subsidiary of Bank of America, in the context of the Offer of Exchangeable Notes.
It could also mean that the company is gradually reducing its debt to Merrill Lynch, issued through Exchangeable Senior Notes.
The shares sold by the bank were freely listed on the stock exchange. Bank of America does not intend to change the shareholding control or istrative structure of GOL Linhas Aéreas Inteligentes SA
