Boeing in talks to takeover Embraer SA

December 22, 2017: US aerospace giant Boeing has confirmed that it%u2019s in takeover talks with Brazilian aerospace company Embraer SA. According to Boeing, both companies are in discussions regarding a potential combination, the outcome of which remains under discussion. %u2018There is no guarantee a transaction will result from these discussions. Boeing and Embraer do not […]

Boeing in talks to takeover Embraer SA
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December 22, 2017: US aerospace giant Boeing has confirmed that it%u2019s in takeover talks with Brazilian aerospace company Embraer SA.

According to Boeing, both companies are in discussions regarding a potential combination, the outcome of which remains under discussion.

%u2018There is no guarantee a transaction will result from these discussions. Boeing and Embraer do not intend to make any additional comments regarding these discussions,%u2019 said Boeing%u2019s press release.
Any transaction would be subject to the approval of the Brazilian government and regulators, the two companies%u2019 boards and Embraer%u2019s shareholders, said the press release.

According to sources, the deal requires nod from the Brazilian government, which is apparently a golden stakeholder in Embraer.

Michael Temer, President of Brazil was quoted in the media that he is open to a potential combination, however he expressed his reservations to sell majority stake to Boeing.

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