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EMBRAER stock soars 15% after confirming Eve merger talks with Zanite

RIO DE JANEIRO, BRAZIL - EMBRAER (EMBR3) shares soared 15% to R$19.94 on Thursday, June 10, the highest rise on the Ibovespa exchange, after the company confirmed that its subsidiary Eve Urban Air Mobility Solutions, dedicated to the development of an electric urban air mobility system (eVTOL), started negotiations for a possible merger with Zanit Acquisitions, a SPAC incorporated in the U.S.

The move drives the stock to its highest intraday level since February 20, 2020. This is also the best trading session for the stock, in terms of valuation, since June 8 last year, when it surged . . .

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