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Embraer counts on Brazil's public-sector funds to approve Boeing JV: sources

Reuters  |  SAO PAULO 

By Tatiana Bautzer and Carolina MandlSAO PAULO (Reuters) - Planemaker Embraer SA is counting on the votes of public-sector Brazilian shareholders to outweigh any potential investor objections to its tie-up with Boeing SA , two people with knowledge of the matter said. Doubts about the valuation of Embraer's commercial jet unit in a proposed $4.75 billion joint venture sent Embraer shares tumbling nearly 15 percent in a single day last week, although shares are still up 32 percent since the deal was first reported.Some small investors have complained the deal effectively gives Boeing control ...

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First Published: Thu, July 12 2018. 06:24 IST