EMBR3.SA - Embraer S.A.

Brazil's Embraer signs $194.4 mln deal for two E175 jets with Congo Airways

Brazilian planemaker Embraer SA said on Tuesday it has signed a contract worth $194.4 million with Congo Airways for the delivery of two E175 jets, with the option for another two planes of the same model. The agreement for the 76-seater planes will be part of Embraer's fourth quarter order book, and deliveries are expected to begin in the fourth quarter of 2020, Embraer said in a securities filing.

UPDATE 1-Brazil association takes fight against Embraer-Boeing deal to Europe

An association representing minority investors in Brazil is lobbying European antitrust regulators to spike a deal between planemakers Embraer SA and Boeing Co, calling it a killer acquisition. Aurelio Valporto, the head of minority investor association Abradin, said the European Commission should block Boeing's proposed $4.2 billion purchase of 80% Embraer's commercial passenger jet division or demand hefty concessions.

Embraer investor wants EU to block "killer" Boeing deal

EU antitrust regulators should block Boeing's $4.2 billion purchase of Embraer's commercial passenger jet division or demand hefty concessions, the head of Brazilian investor group Abradin said, calling it a killer acquisition. Aurelio Valporto complained about the deal to the European Commission two months ago, saying it created hurdles to competition in the Brazilian aerospace industry, and on Wednesday took his grievance to Brazil's antitrust watchdog CADE. Boeing is buying 80% of Embraer's commercial jets division, its most profitable, to compete directly with Airbus in the market for planes with fewer than 150 seats.

Deals of the day-Mergers and acquisitions

** Rivulet Capital, a large investor in Instructure Inc said it will resist the U.S. educational software company's plan to sell itself to private equity firm Thoma Bravo for $2 billion, calling the deal too cheap and too hurried. ** Mexican broadcaster Grupo Televisa has won a federal injunction against Walt Disney Co's acquisition of Twenty-First Century Fox Inc's assets in Mexico, a Televisa representative said, a move that could at least temporarily stall the deal. ** Brazilian wireless carrier TIM Participações SA will consider acquiring the mobile unit of its struggling rival OI SA if it is put up for sale, Chief Executive Pietro Labriola said.

Edited Transcript of EMBR3.SA earnings conference call or presentation 12-Nov-19 1:30pm GMT

Q3 2019 Embraer SA Earnings Call

Boeing wins orders, commitments for more Maxes, Dreamliners in Dubai (Photos)

Boeing is entering the busy year-end delivery period and preparing for a grinding effort to get the Max returned to service.

UPDATE 1-Brazil's Embraer inks deals for 6 jets worth $374 mln

EMERGING MARKETS-Chile peso slumps to record low; Trump trade speech eyed

* Chile stocks touch 2-1/2 year low * Brazil, Mexico currencies fall as Trump speech awaited * Planemaker Embraer hits one-month low after results * Focus on Mexican central bank meeting on Thursday By Sagarika Jaisinghani and Susan Mathew Nov 12 (Reuters) - Chile's peso sank 4% to a record low on Tuesday as massive anti-government street protests showed signs of intensifying further, while currencies in Brazil and Mexico dropped as the dollar strengthened ahead of a speech by U.S. President Donald Trump on trade later in the day. The Chilean peso fell to 790.98 against the dollar, while stocks slumped to a two-and-a-half-year low, after state workers signalled they were not satisfied with the government's decision to rewrite the country's dictatorship-era constitution.

UPDATE 2-Embraer lowers dividend guidance, burns cash, as Boeing deal hits snags

Brazilian planemaker Embraer signalled it may issue a smaller dividend to shareholders as it burns through cash before finalizing a $4.2 billion commercial passenger jet deal with Boeing, which faces regulatory hurdles. Embraer now expects the dividend to range between $1.3 billion-$1.6 billion, compared with previous guidance of $1.6-billion-$1.7 billion, the company said in a securities filing. During an earnings call with analysts, executives said the dividend guidance was lowered due to additional cash needs in 2019, partly due to cost base revisions to a new military plane.

CORRECTED-Embraer posts $77.2 mln loss affected by Boeing deal costs