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Brazil's Embraer says it will appeal injunction blocking tie-up with Boeing


Reuters


SAO PAULO, Dec 7 (Reuters) - Brazilian planemaker Embraer said on Friday that it will appeal an injunction issued hours earlier blocking its proposed tie-up with Boeing, according to a securities filing.

Embraer announced in July its intention to sell 80 percent of its commercial aviation business to Boeing for $3.8 billion, but the proposed deal has yet to be approved by the Brazilian government as well as shareholders.

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SAO PAULO, Dec 7 (Reuters) - Brazilian planemaker Embraer said on Friday that it will appeal an injunction issued hours earlier blocking its proposed tie-up with Boeing, according to a securities filing.

Embraer announced in July its intention to sell 80 percent of its commercial aviation business to Boeing for $3.8 billion, but the proposed deal has yet to be approved by the Brazilian government as well as shareholders.




This article appears in: World Markets , Stocks , Economy
Referenced Symbols: BA ,



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