You are here: Home » Reuters » News
Business Standard

Brazil's Bolsonaro approves Boeing-Embraer tie-up

Reuters  |  SAO PAULO 

(Reuters) - Brazil's newly installed on Thursday approved a tie-up between planemaker and .

will sell 80 percent of its commercial aviation business to 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.

(Reporting by Marcelo Rochabrun; Editing by Sandra Maler)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 11 2019. 02:53 IST