Embraer indicators papers for Boeing tie-up, calls shareholder assembly By Reuters
© Reuters. FILE PHOTO – The Embraer brand is seen through the LABACE truthful in Sao Paulo
SAO PAULO (Reuters) – Embraer SA has signed the “grasp transaction settlement” for a tie-up with Boeing (NYSE:) Co and known as a shareholder meeting for Feb. 26 to approve the partnership, the Brazilian planemaker stated in a securities submitting on Thursday.
Brazil’s authorities this month gave its approval for the deal during which Embraer will promote 80 p.c of its business aircraft division for $four.2 billion to Boeing, which can have whole management of the brand new enterprise.
Disclaimer: Fusion Media want to remind you that the information contained on this web site is just not essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs aren’t supplied by exchanges however moderately by market makers, and so costs will not be correct and should differ from the precise market value, that means costs are indicative and never acceptable for buying and selling functions. Subsequently Fusion Media doesn`t bear any duty for any buying and selling losses you would possibly incur because of utilizing this information.
Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or harm because of reliance on the data together with information, quotes, charts and purchase/promote alerts contained inside this web site. Please be totally knowledgeable relating to the dangers and prices related to buying and selling the monetary markets, it is among the riskiest funding varieties doable.