On Thursday (16th), shares of Gol and Azul surged more than 10% during trading following the announcement that Abra and Azul signed a memorandum of understanding (MOU) to explore a potential merger of the Brazilian airlines, as previously reported by Valor. By the end of the day, Gol closed up 4.29% at R$1.70, while Azul rose 3.63% to R$4.57. More @Wikipedia
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