Reuters exclusively reported that Boeing is set to face an EU antitrust investigation of up to five months into its bid for a controlling stake in the commercial aircraft arm of Brazil’s Embraer, a move which could lead to asset sales to assuage EU competition concerns in return for the green light. Embraer shares opened more than 1% down on the news, with losses quickly extending to more than 2%. Embraer confirmed the Reuters story four days later.
Reuters exclusively reports Boeing bid for Embraer unit faces EU antitrust probe
23 September 2019, 12:00 am 1 minute
Type: Reuters Best
Regions: Europe / Middle East / Africa