Brazilian planemaker Embraer SA to shell out $1.6 billion to $1.7 billion in extraordinary dividends

The bulk of proceeds stem from the Embraer SA’s recent deal with Boeing, wherein the latter took a 80% stake in the commercial aircraft business of Embraer. The move is expected to reshape the global passenger aircraft industry.

As per a report from Brazilian newspaper Valor Econômico, Embraer SA, Brazilian planemaker Embraer SA plans on distributing $1.6 billion to $1.7 billion in extraordinary dividends to its shareholders.

It received the amounts from its recent deal with Boeing Co.

Advertisements


Categories: Creativity, Entrepreneurship, HR & Organization, Strategy

Tags: , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: