Brazil Court Overturns Injunction Blocking Boeing-Embraer Deal (excerpt)
(Source: Reuters; published Dec 10, 2018)
BRASILIA --- A Brazilian federal court has overturned a provisional injunction that blocked a proposed tie-up between plane-makers Embraer and Boeing, Embraer said on Monday in a securities filing.

Brazil’s Embraer announced in July its intention to sell 80 percent of its commercial aviation business to Chicago-based Boeing for $3.8 billion. Embraer has said the deal is crucial for its survival.

The injunction emerged from a class action brought by four congressmen from Brazil’s left-wing Workers Party and had been granted on Thursday.

Brazil’s solicitor general’s office confirmed the injunction that halted Embraer’s negotiations with Boeing had been thrown out. (end of excerpt)

Click here for the full story, on the Reuters website.>/i>


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