Brazil’s antitrust watchdog will reevaluate the sale of Embraer’s commercial division to Boeing, following an appeal by federal prosecutors, local newspaper Valor Econômico reported Wednesday, March 18.
CADE, as the watchdog is known, is expected to confirm its green light to the merger in a Thursday session that will be restricted to CADE’s councillors and lawyers of parties involved, Valor said.
On January 27, the regulator approved Boeing’s purchase of Embraer SA’s commercial aviation division without restrictions. But federal prosecutors had filed an appeal earlier in February asking the antitrust agency to reconsider its decision.
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