A PYMNTS Company

Brazil: Boeing and Embraer in ‘advanced’ talks over merger

By  |  July 3, 2018

US aerospace giant Boeing and Brazil based Embraer are in “advanced negotiations” over a much-anticipated tie-up, the Brazilian aircraft manufacturer said on Monday, July 2.

The proposed merger, which would need the go-ahead from the Brazilian government, would leave Boeing as the majority partner, according to Brazilian newspaper Valor.

Valor said the two aircraft manufacturers had “already prepared the memorandums of understanding and requested a meeting to present” their project to the Brazilian government. Embraer told newspaper Agence France-Presse that it was in “advanced negotiations” over the deal, but refused to comment on details.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.