EMBRAER S.A.: MATERIAL FACT - STRATEGIC PARTNERSHIP

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Rhea-AI Summary

Embraer S.A. (NYSE: ERJ) has successfully completed the sale of its total equity interest in Embraer Portugal Estruturas Metálicas S.A. and Embraer Portugal Estruturas em Compósitos S.A. to Aernnova Aerospace Corporation. This transaction, announced previously on January 12, 2022, was finalized on May 2, 2022, following the fulfillment of all contractual conditions. This strategic move signifies Embraer's ongoing efforts to optimize its operations and focus on core business areas.

Positive

Successful completion of the sale of Embraer Portugal subsidiaries to Aernnova, indicating strategic divestment and potential operational focus.

Negative

None.

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News Market Reaction – ERJ

The recorded move for ERJ in the trading session of this news was +4.38%.

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05/02/2022 - 09:20 PM EDT

SÃO JOSÉ DOS CAMPOS, Brazil, May 2, 2022 /PRNewswire/ -- Embraer S.A. (B3: EMBR3, NYSE: ERJ) informs its shareholders and the market that the transaction relating to the sale, by its subsidiary Embraer Portugal S.A., of the total equity interest in the companies Embraer Portugal Estruturas Metálicas S.A. and Embraer Portugal Estruturas em Compósitos S.A. to Aernnova Aerospace Corporation, SA, disclosed in the Material Fact of January 12, 2022, was concluded on this date, after the fulfillment of the conditions contractually agreed between the parties.

São José dos Campos, May 2, 2022.

Antonio Carlos Garcia
Executive Vice-President and CFO

View original content:https://www.prnewswire.com/news-releases/embraer-sa-material-fact--strategic-partnership-301537891.html

SOURCE Embraer S.A.

FAQ

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What was the recent transaction involving Embraer (ERJ) completed on May 2, 2022?

Embraer completed the sale of its total equity interest in its subsidiaries Embraer Portugal Estruturas Metálicas S.A. and Embraer Portugal Estruturas em Compósitos S.A. to Aernnova Aerospace Corporation.

Why is Embraer's sale of its Portuguese subsidiaries significant for investors?

The sale indicates Embraer's strategic focus on core operations and could enhance its financial efficiency.

When was the sale of Embraer Portugal subsidiaries announced?

The sale was initially announced on January 12, 2022.

Who completed the acquisition of Embraer Portugal subsidiaries?

Aernnova Aerospace Corporation acquired the subsidiaries.

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EMBRAER S.A.: MATERIAL FACT - STRATEGIC PARTNERSHIP