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Embraer said on Tuesday that he was continuing to hold discussions with Boeing about a potential combination of the activities of the two companies, but again did not cite any deadlines for an agreement or details of the transactions.
Embraer logos at the Airline Convention at Geneva Airport, Switzerland 28/05/2018 REUTERS / Denis Balibouse
Reuters:
Companies are discussing a potential deal since the end of last year and say for months that negotiations are progressing in the working group formed by the Brazilian government to discuss the question. Brazil has a significant share in Embraer and therefore has the right to veto the strategic decisions of the company.
"The understanding between the parties continues to advance and, when the structure for a business combination will be defined, its implementation will be subject to the approval not only of the Brazilian government, but also national and international regulators and companies of both companies, "said Embraer in a statement to the market Tuesday
The company sent the statement in response to questions from the Brazilian Securities Commission (CVM) on a report published Tuesday by the Estado de S. Paulo newspaper that said Boeing and Embraer would be in an advanced stage of entering into an agreement to merge their activities
. Embraer closed the day at a high of 5.1 percent, quoted at 25.98 reais.
On June 18, Reuters published, quoting three sources earlier, that negotiations between companies had advanced but there was still no date for a conclusion.
Tuesday, members of the technical group that evaluates the company updated President Michel Temer of the discussions. A source close to the situation commented that there are still no signs that a definitive solution is ready for the near horizon.
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