SÃO JOSE DOS CAMPOS, Brazil,
Jan. 12, 2022 /PRNewswire/ -- Embraer
S.A. (the "Company") (B3: EMBR3, NYSE: ERJ), in compliance with CVM
Resolution 44/2021, informs its shareholders and the market that on
January 11, 2022, the Company,
through its subsidiary Embraer Portugal S.A., entered into a
binding contract for the sale of all of the shares of its
wholly-owned subsidiaries Embraer Portugal Estruturas Metálicas
S.A. ("EEM") and Embraer Portugal Estruturas em Compósitos S.A.
("EEC") to Aernnova Aerospace, SAU, headquartered in Spain ("Aernnova"), for the reference price of
US$ 172 million, subject to the usual
adjustments for this type of transaction on the closing date (the
"Transaction").
EEM and EEC are currently dedicated to supplying certain
components used in the manufacture of aircraft by the Company and
by Embraer Executive Aircraft, LLC. The Company hereby informs
that, after the closing of the Transaction, Aernnova will undertake
the operation of EEM's and EEC's industrial plants and will ensure
the level of production and supply of such components for Embraer
aircraft portfolio.
The Transaction, which has been unanimously approved by the
Company's board of directors, is expected to close in the first
quarter of 2022, following the fulfillment of certain conditions
precedent.
The Transaction is an integral part of the Company's assets
optimization which aims at maximizing facilities use and
profitability improvement. In keeping with its strategy of
innovation and growth, the Company will maintain its shareholders
and the market duly informed about new material information
relating to the transaction.
Antonio Carlos Garcia
Executive Vice-President, Finance &
Investor Relations
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SOURCE Embraer S.A.