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Gol Linhas Aereas Inteligentes SA Registers IPO Plan For Smiles Unit-DJ


Wednesday, 27 Feb 2013 05:45pm EST 

Dow Jones reported that Gol Linhas Aereas Inteligentes SA in a regulatory filing on February 27, 2013, formally registered its intention to hold an initial public offering of shares for its frequent-flyer unit, known as Smiles. Company executives previously had signaled in informal comments their intention to hold an IPO for Smiles. In its filing February 27, 2013, Gol said it hopes to list the shares on the Novo Mercado segment of the Brazilian Stock Exchange. The Novo Mercado features strict corporate-governance rules and wide ownership of shares. The IPO petition is subject to review and approval by the Brazilian Securities Commission.