--Boeing Co.'s (BA) planned acquisition of a controlling stake in Embraer SA's (ERJ) commercial aircraft unit could face an antitrust probe from the European Union, Reuters reports Monday, citing "people familiar with the matter."

--Last year, the two companies proposed a deal which would see Boeing take an 80% stake in Embraer's commercial airplane and services business.

--The investigation by the European Commission could take as long as five months, the report said.

--Boeing said it was working with authorities in several jurisdictions on regulatory approvals, the report said.

--Embraer wasn't immediately available for comment and the European Commission didn't respond to a request for immediate comment, the report said.

 

Full story: https://www.reuters.com/article/us-embraer-m-a-boeing-eu-exclusive/exclusive-boeing-bid-for-embraer-unit-faces-eu-antitrust-probe-sources-idUSKBN1W8127

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

September 23, 2019 14:41 ET (18:41 GMT)

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