August 30, 2018 / 6:27 PM / 3 months ago

Brazil govt to approve Embraer-Boeing deal after elections - minister

RIO DE JANEIRO, Aug 30 (Reuters) - The Brazilian government will approve the tie-up between Boeing Co and Embraer SA , which is still under President Michel Temer’s mandate, but only after the October presidential elections, Brazilian Defense Ministry Joaquim Silva e Luna said on Thursday.

The U.S. plane maker announced in early July it plans to take over the commercial jet unit of Embraer in a proposed $4.75 billion joint venture. Boeing would have an 80 percent stake in the venture.

Silva e Luna said the government plans to approve the deal only after the October elections to avoid stirring debate among the candidates, but he considers the tie-up a “good deal.” (Reporting by Rodrigo Viga Gaier Editing by Jeffrey Benkoe)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below