Gol Linhas Aereas Inteligentes SA (GOLL4) jumped the most in more than a year after a report saying it is in talks with Qatar Airlines added to speculation the heavily indebted Brazilian carrier is planning an asset sale or merger.
Shares gained 5.7 percent to 9.91 reais at 2:04 p.m. in Sao Paulo, after earlier rising as much as 12 percent in the steepest intraday advance since August 2011. The benchmark Bovespa index added 0.9 percent.
Gol’s directors met with executives of Qatar Airlines last Tuesday, Veja reported on its Radar On-Line column, without saying where it got the information. The Brazilian carrier’s press office denied the company is in talks with Qatar to sell the business. A Qatar Airlines spokesman declined to comment when contacted by Bloomberg News.
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