Brazil's Bolsonaro approves Boeing-Embraer tie-up
Brazil`s newly installed President Jair Bolsonaro on Thursday approved a tie-up between Brazil planemaker Embraer
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.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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