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Embraer indicators papers for Boeing tie-up, calls shareholder assembly By Reuters

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Embraer indicators papers for Boeing tie-up, calls shareholder assembly By Reuters

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© 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.

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