President Michel Temer said on Friday that he opposed Boeing Co taking control of Brazilian planemaker Embraer SA and his government could use its golden share in the company to block foreign control.
Temer told a news conference he would study any decision the companies take on an alliance when it arrives at his desk. He said, however, he would welcome an injection of foreign capital into Embraer.
Boeing and Embraer said on Thursday they are discussing a "potential combination" in a move that could consolidate a global passenger jet duopoly, provided Brazil`s government gives its blessing.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)