Embraer signs papers for Boeing tie-up, calls shareholder meeting

 Embraer signs papers for Boeing tie-up, calls shareholder meeting

SAO PAULO (Reuters) - Embraer SA has signed the "master transaction agreement" for a tie-up with Boeing Co and called a shareholder assembly for Feb. 26 to approve the partnership, the Brazilian planemaker said in a securities filing on Thursday.

Brazil's government this month gave its approval for the deal in which Embraer will sell 80 percent of its commercial plane division for $4.2 billion to Boeing, which will have total control of the new venture.

(Reporting by Alberto Alerigi Jr.; Writing by Anthony Boadle; Editing by Tom Brown)

This story has not been edited by Firstpost staff and is generated by auto-feed.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .

Updated Date: Jan 25, 2019 04:05:24 IST