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Boeing Abandons Deal to Buy 80pc of Embraer Business

Boeing Abandons Deal to Buy 80pc of Embraer Business

Boeing has abandoned a deal to buy 80 percent of Embraer’s commercial aircraft business for $4.2 billion.

According to Wang’ombe Kariuki, Director-general, Competition Authority of Kenya, the proposed transaction, “…failed to take place following the decision of the parties to withdraw from the transaction.”

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