Embraer shareholders endorse Boeing deal

Embraer shareholders endorse Boeing deal

M&A Corporate & Sovereign Strategy Brazil US

Shareholders in Brazil's Embraer have approved a deal to sell its commercial jet division to the US aircraft manufacturer Boeing. Boeing agreed in December last year to pay $4.2bn for 80% of the business, up from an initial offer of $3.8bn. The two companies also agreed to form a new company to make and market the KC-390 military transport plane, but Embraer will maintain sole control of its other military and business jet operations. At a special meeting on Tuesday, shareholders representing 67

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