# Brazilian panel to reconsider Boeing-Embraer merger approval

Brazilian antitrust agency CADE will reconsider its earlier approval of Boeing's $4.2 billion acquisition of Embraer's commercial aerospace division, following an appeal by federal prosecutors.

- Type: Acquisition
- Announced: 2020-03-19
- Where: Brazil
- Value: $4.20B
- Status: announced
- Products: commercial aircraft
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Boeing](https://endata.com/companies/685.md) (acquirer)
- [Embraer](https://endata.com/companies/23129.md) (target)

## Sources

- [americanmachinist.com](https://www.americanmachinist.com/news/article/21126533/brazilian-panel-to-review-merger-again-boeing-embraer), 2020-03-19: "The panel, known as CADE, is expected to reconfirm the sale and merger, though the hearing will not be open to the public."
- [defensemirror.com](https://defensemirror.com/company/E/77/EMBRAER/11/), 2020-04-25: "Boeing announced today that it has terminated its Master Transaction Agreement (MTA) with Embraer."
- [gulftoday.ae](https://www.gulftoday.ae/Business/2020/04/25/Boeing-pulls-out-of-$42b-deal-for-Embraers-commercial-unit), 2020-04-25: "Boeing on Saturday said it had cancelled a $4.2 billion deal to buy the commercial jets division of Embraer, unraveling years of work on what the Brazilian planemaker expected to be a transformative move."
- [flightplan.forecastinternational.com](https://flightplan.forecastinternational.com/2020/04/28/boeing-scuttles-commercial-and-military-joint-ventures-with-embraer/), 2020-04-28: "Boeing exercised its rights to terminate after Embraer did not satisfy the necessary conditions."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.