Brazil’s Embraer says it will appeal injunction blocking tie-up with Boeing

© Reuters. FILE PHOTO: The emblem of Brazilian planemaker Embraer SA is seen on the firm’s headquarters in Sao Jose dos Campos

SAO PAULO (Reuters) – Brazilian planemaker Embraer (SA:EMBR3) mentioned on Friday that it’s going to attraction an injunction issued hours earlier blocking its proposed tie-up with Boeing (N:BA), in keeping with a securities submitting.

Embraer introduced in July its intention to promote 80 % of its business aviation enterprise to Boeing for $three.eight billion, however the proposed deal has but to be authorized by the Brazilian authorities in addition to shareholders.

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