Deals
Boeing Seeks Embraer Control, With Defense Safeguards
- Brazil suggests it has some flexibility on matter, people say
- A deal would follow Airbus-Bombardier pact on C Series jet
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Boeing Co. is seeking control of Embraer SA while offering the Brazilian government safeguards concerning the company’s defense unit, people familiar with the matter said.
The U.S. planemaker is arguing that deals it has made in Australia and the U.K. show that it can operate defense businesses without compromising military plans, said the people, who asked not to be named because the talks are private. Brazil, which signaled opposition to an acquisition last month, is now suggesting it has some flexibility on the control issue, the people said.