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Brazilian airline Azul confirms TAP agreement
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Brazilian airline Azul confirms TAP agreement

Brazilian airline Azul SA confirmed in a securities filing an agreement with the Portuguese government to divest from its stake in Portuguese airline TAP.

Azul said it has sold its indirect 6% stake for around 65 million reais ($12.15 million) and will not exercise rights to convert 90 million euros bonds maturing in 2026 into equity. All the other terms in the bonds are maintained, Azul said…

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