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Brazil’s Embraer shares soar 16% on the stock exchange with the announcement of Eve’s listing in the U.S.

RIO DE JANEIRO, BRAZIL - Shares of Embraer on Tuesday, December 21, up to 16.27%, as investors react to the news that the subsidiary Eve will be listed on the New York Stock Exchange (NYSE). The transaction values the electric aircraft manufacturer at US$2.9 billion.

The transaction is positive for Embraer shareholders, since the Brazilian company will continue to control Eve with an 82% stake (direct and indirect) in the company.

Read also: Check out our coverage on Embraer

According to Bradesco BBI analysts, the . . .

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