Brazil Weekly

The uncertain candidacy of Dilma Rousseff

THE WEEK IN REVIEW

  • M&A. The Embraer-Boeing deal has finally materialized and they will create a third company encompassing Embraer’s commercial jet unit. Embraer’s stock crashed by 15% when the deal was announced, as markets were expecting the deal to be worth more than USD 4.75bn (USD 3.8bn from Boeing). Read more.
  • Corruption 1. General Electric’s CEO for Latin America was arrested, along with 21 other suspects, accused of overpricing contracts with a state-administrated trauma institute and paying bribes to public officials in Rio de Janeiro. Losses to Rio’s state budget are estimated at BRL 600m. The scheme...
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