Embraer, Boeing aim to seal deal in 2020

Embraer, Boeing aim to seal deal in 2020

M&A Corporate & Sovereign Strategy Brazil US Europe Regulation

Aircraft manufacturers Embraer and Boeing now expect to close a proposed joint venture in early 2020 as the European Union (EU) has indicated it will open an in-depth review of the $4.2bn deal on antitrust grounds. "Boeing and Embraer look forward to assisting with that review," the two companies said in a joint statement. Embraer and Boeing had previously said they would close the deal by the end of this year. The tie-up has received approval from the US regulators after getting the go-ahead fr

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