Sunday , May 16 2021

Despite the PT action, the Embraer-Boeing company has to run in early February 2019 by Money Times

© Reuters. Despite the PT action, the Embraer-Boeing company is expected in early 2019

Money Times – Bradesco BBI analysis team assumes that the direct suspension, given by the federal court of São Paulo, of negotiations between Embraer (SA 🙂 and Boeing to make a new business, the progress of the business must not be confused, a report sent to customers on Friday (7) shows.

The action was moved by the deputy Paulo Pimenta, Carlos Zaratini, Paulo Teixeira, Nelson Pellegrino and Vicente Cândido.

"With these submissions, both companies can not create the joint venture, but they must continue the terms of the deal. The federal court has ruled the ruling that the new president had chosen to analyze the transaction Can provide the analysts of Victor Mizusaki and Flavia Meireles.

The judge Victorio Giuzio Neto said he was wounded In the statement of Embraer's claim that even occupying the position of the third largest exporting business in the country, it is on the road to bankruptcy. "They are in a peremptory way: (…) Potential operation with Boeing is a real lifeline for Embraer."

Still the judge analyzes that the judge is not against the deal. "We expect the federal government and Embraer shareholders to approve the transaction in the first quarter of 2019," they say. The recommendation was taken, with a R $ 28 goal.

By Money Times

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