Embraer Creates Strategic Partnership With Aernnova Aerospace
Deal includes sale of Portuguese subsidiaries for $172 million
São Paulo, Brazil – Paul Hastings LLP, a leading global law firm, represented Embraer in the sale of its wholly owned subsidiaries Embraer Portugal Estruturas Metalicas (EEM) and Embraer Portugal Estruturas em Compositos (EEC) to Aernnova Aerospace for USD $172 million.
Embraer has entered into a strategic partnership with Aernnova, which will assume operation of EEM and EEC and continue to supply Embraer with components used in aircraft production.
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.