Embraer says cash position from Boeing deal still to be determined
Reuters
Published Jan 14, 2019 06:03AM ET
Embraer says cash position from Boeing deal still to be determined
SAO PAULO (Reuters) - Brazilian planemaker Embraer said in a securities filing on Monday that its cash boost from a potential sale of 80 percent of its commercial aviation business to Boeing (NYSE:BA) is still to be determined.
Embraer had previously said it expected the cash boost to be about $1 billion.
Boeing has agreed to pay $4.2 billion to the Brazilian planemaker, in a tie-up that has been approved by Brazil's government but still needs approval from Embraer shareholders.
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Written By: Reuters
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