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Montevideo, January 17th 2022 - 22:20 UTC

 

 

Boeing's purchase of Embraer clears Brazilian antitrust regulator hurdle

Tuesday, January 28th 2020 - 07:43 UTC
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Boeing has offered to pay US$4.2 billion for 80% of Embraer's commercial jet division, which builds passenger jets in the 70- to 150-seat segment. Boeing has offered to pay US$4.2 billion for 80% of Embraer's commercial jet division, which builds passenger jets in the 70- to 150-seat segment.

Technical staff at Brazilian antitrust regulator Cade on Monday approved Boeing Co's purchase of Embraer SA's commercial aviation division without restrictions, according to a statement on the agency's website.

Cade's top administrative council could still call for a reconsideration of the case, putting the matter to a vote.

Boeing has offered to pay US$4.2 billion for 80per cent of Embraer's commercial jet division, which builds passenger jets in the 70- to 150-seat segment.

That puts it in direct competition with next-generation jets designed by Bombardier Inc and acquired by Europe's Airbus SE , which rebranded them the A220 program.

The Boeing-Embraer deal is still under investigation pending regulatory approval in the European Union which has set an April 30 deadline to decide on the case.

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