Brazil Post To Acquire Minority Stake In Rio Linhas

News: Brazil Post, the state-owned postal service in Brazil, has submitted a proposal to the Administrative Council for Economic Defence to acquire a minority stake in air cargo firm Rio Linhas Aéreas, which provides night flights to transport mail and packages. The move comes after Brazil Post conducted studies to seek the most technically viable air freight partner in the market. However, the size of the stake was not disclosed. The transaction is subject to regulatory approvals (TransREporter).

Brazil Post To Acquire Minority Stake In Rio Linhas

News: Brazil Post, the state-owned postal service in Brazil, has submitted a proposal to the Administrative Council for Economic Defence to acquire a minority stake in air cargo firm Rio Linhas Aéreas, which provides night flights to transport mail and packages. The move comes after Brazil Post conducted studies to seek the most technically viable air freight partner in the market. However, the size of the stake was not disclosed. The transaction is subject to regulatory approvals (TransREporter).

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