Aerospace & Defense

EU regulators to investigate $4.75 billion Boeing, Embraer deal: Sources

An Embraer E 195- E2 jet.
Embraer | Sergio Fujiki

European Union antitrust regulators are set to open a full-scale investigation into Boeing's $4.75 billion bid for a controlling stake in Brazilian planemaker Embraer's commercial aircraft arm, people familiar with the matter said on Monday.

The European Commission's current review of the deal is scheduled to end on October 4.

A full-scale investigation could take up to five months and raise pressure on Boeing to offer concessions to address competition concerns.