Brazilian Judge Suspends Embraer-Boeing Merger Talks

The partnership calls for the U.S. aircraft manufacturer to hold eighty percent of the new joint venture while the Brazilian manufacturer will hold the remaining twenty percent of the stake.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – A Brazilian judge in São Paulo has suspended temporarily the merger between Brazilian aircraft manufacturer Embraer and its U.S. counterpart, Boeing. According to Judge Victorio Giuzio Neto, however, the suspension does not prohibit negotiations to advance, only a decision to be taken at this time.

“Considering the proximity of the recess of the Judiciary and the taking office of the new President of the Republic, along with the extensive renewal of the Legislative Branch …it (is) advisable to avoid any concrete actions to take place during this period . . .

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