January 24, 2019 / 10:00 PM / in 2 months

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

FILE PHOTO - The logo of Brazilian aviation company Embraer is seen during the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker

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

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