September 26, 2012 / 3:26 PM / 5 years ago

STXNEWS LATAM-Brazil regulator delays ruling on Gol-WebJet deal

Brazilian antitrust regulator Cade said on Wednesday it was putting off a ruling on the takeover of airline WebJet by the country's No. 2 carrier Gol Linhas Aereas until the agency's next full meeting, within two weeks.

The Cade board member in charge of the case, Ricardo Ruiz, said his colleagues had requested more time to review the merger, which was announced in July 2011.

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