Embraer invests in JV with Boeing

Embraer invests in JV with Boeing

M&A Equity Corporate & Sovereign Strategy Brazil US

Brazil's Embraer said it will invest at least $1.5bn in a new joint venture with the US aircraft manufacturer Boeing. The new company, in turn, will assume $4.5bn in debt from Embraer and its subsidiaries, according to the terms of the $5.26bn merger. Embraer said it signed the transaction agreement on January 24 and called a shareholder meeting on February 26 to approve the transaction. The Brazilian government endorsed the deal earlier this month. Under the terms of the agreement, Boeing wi

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