Brazil center-left candidate says he would stop Boeing-Embraer deal
JULY 17, 2018 / 9:04 PM / UPDATED 3 HOURS AGO
Lais Martins
2 MIN READ
SAO PAULO (Reuters) - Brazilian center-left presidential candidate Ciro Gomes said on Tuesday that he would undo a $4.75 billion joint venture planned by Boeing Co (BA.N) and Brazilian planemaker Embraer SA (EMBR3.SA) if he wins this year’s election.
Boeing plans to acquire 80 percent of Embraer’s commercial aircraft arm, which together with the recent Airbus-Bombardier tie-up represents the biggest realignment in the global aerospace industry in decades.
Speaking at a business event in Sao Paulo, Gomes called the proposed deal “hostile” to Brazil’s interests and a threat to the country’s national security.
Gomes said he has written to the companies suggesting they end their partnership announced earlier this month.
More:
https://uk.reuters.com/article/us-embraer-m-a-boeing-politics/brazil-center-left-candidate-says-he-would-stop-boeing-embraer-deal-idUKKBN1K805G