for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Brazil government has had no role in reported Embraer-Boeing talks: official

BRASILIA (Reuters) - The Brazilian government has had no role in reported merger talks between planemakers Boeing Co BA.N and Embraer SA EMBR3.SA, a senior official said on Thursday.

The government holds a “golden share” in Embraer, a state-run company that was fully privatized in 2006, giving it the right to veto changes in controlling ownership.

Asked about reports of a potential tie-up, the source, speaking on condition of anonymity, said “the golden share can only be used during official decision-making, which is not now the case.”

Reporting by Anthony Boadle; editing by Jonathan Oatis

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up