European Commission Says It Will Investigate Boeing, Embraer Proposed Joint Ventures

Date : 05/10/2019 @ 03:53
Source : Dow Jones News
Stock : Boeing Co (BA)
Quote : 367.44  4.94 (1.36%) @ 11:55
Boeing share price Chart
After Hours
Last Trade
Last $ 367.89 ▲ 0.45 (0.12%)

European Commission Says It Will Investigate Boeing, Embraer Proposed Joint Ventures

Boeing (NYSE:BA)
Historical Stock Chart

2 Months : From Sep 2019 to Nov 2019

Click Here for more Boeing Charts.
   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.
Your Recent History
FX
EURAUD
Euro vs Au..
FX
USDAUD
US Dollar ..
ASX
WPL
Woodside
NASDAQ
AAPL
Apple
ASX
BHP
BHP Bilito..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:au D:20191115 02:06:29