Brazil’s President Jair Bolsonaro attends a swearing-in ceremony for the country’s new Navy commander in Brasilia, Brazil January 9, 2019. REUTERS/Adriano Machado

SAO PAULO (Reuters) – Brazil’s newly installed President Jair Bolsonaro on Thursday approved a tie-up between Brazil planemaker Embraer (EMBR3.SA) and Boeing (BA.N).

Embraer will sell 80 percent of its commercial aviation business to Boeing in the deal. The government holds a so-called “golden share” in Embraer, a private company, that allows it to veto important business decisions. The deal must still be approved by shareholders.

Reporting by Marcelo Rochabrun; Editing by Sandra Maler


Source link

قالب وردپرس