Embraer’s Eve Urban Air Mobility Solutions subsidiary is negotiating a possible merger with Zanite Acquisition Corp, a special purpose acquisition company that started trading on the Nasdaq market in November, raising an initial $230 million. Late on June 10, in a statement from Antonio Carlos Garcia, the Brazilian aerospace group’s executive vice president of finance and investor relations, Embraer responded to a Bloomberg report earlier in the day that Eve and Zanite are preparing to announce a $2 billion merger.
“The negotiations with Zanite on ongoing,” said the written statement. “The company cannot predict if Eve will reach a definitive agreement or what will be the terms thereof. The company will keep the market informed of subsequent material developments in the context of such negotiations, to the extent imposed by the applicable laws and stock exchange regulations.”
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