RIO DE JANEIRO, BRAZIL - EMBRAER (EMBR3) is poised to engage in the announced merger between Eve Urban Air Mobility (Eve), its electric vehicle vertical take-off and landing unit, with Zanite Acquisition, and also list its subsidiary Eve, with a valuation of US$2 billion, according to Ágora Investimentos analysts.
Optimism in the deal is such that the target price of EMBRAER shares has been raised, with the potential to trigger a high of almost 40%, even after their sharp valuation. Ágora also changed its recommendation from sell to buy.
"We see this potential transaction as likely, given that three . . .