European Commission Says It Will Investigate Boeing, Embraer Proposed Joint Ventures
04 Ottobre 2019 - 7:53PM
Dow Jones News
By Allison Prang
The European Commission said it is going to investigate whether
Boeing Co. (BA) and Embraer SA's (ERJ, EMBR3.BR) two proposed joint
ventures could hurt the competitive environment.
The commission said it is worried Embraer could lose its spot as
the third biggest commercial aircraft competitor. Entities from
other countries "may be unable to replicate within the next five or
even ten years the competitive constraint currently exerted by
Embraer," the commission said, adding that the deal could limit
choices and boost prices.
The commission said it has until Feb. 20, 2020, to decide what
to do and said the companies "have decided not to submit
commitments during the initial investigation to address the
Commission's preliminary concerns."
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
October 04, 2019 13:38 ET (17:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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