September 23, 2019 / 1:26 PM / 25 days ago

Shares in Brazilian planemaker Embraer fall more than 1% on EU antitrust probe

BRASILIA (Reuters) - Shares in Brazilian planemaker Embraer fell more than 1% at the open on Monday, following a Reuters report that Boeing is set to face a European Union antitrust investigation into its bid for a controlling stake in Embraer’s commercial aircraft arm.

Embraer shares traded as low as 19.12 reais, a decline of as much as 2.0%, underperforming the broader Bovespa index which was down a maximum of 0.5% in early trading.

Reporting by Jamie McGeever; Editing by Catherine Evans

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