Equities

Reuters exclusively reports Boeing bid for Embraer unit faces EU antitrust probe

Reuters exclusively reports Boeing bid for Embraer unit faces EU antitrust probe

Reuters exclusively reported that Boeing is set to face an EU antitrust investigation of up to five months into its bid for a controlling stake in the commercial aircraft arm of Brazil’s Embraer, a move which could lead to asset sales to assuage EU competition concerns in return for the green light. Embraer shares opened more than 1% down on the news, with losses quickly extending to more than 2%. Embraer confirmed the Reuters story four days later.