RTTNews | Jan 12, 2022 07:41AM EST

07:41 Wednesday, January 12, 2022 (RTTNews.com) - Embraer (ERJ) and Aernnova announced a strategic partnership for Embraer Metlicas and Embraer Compsitos industrial units. The deal contemplates the sale of all shares of company's wholly owned subsidiaries to Aernnova for the reference price of $172 million. Aernnova assumes the operation of the industrial plants in vora. It also signed a supply agreement to secure current production packages for Embraer aircraft.

Francisco Gomes Neto, President and CEO of Embraer, said: "This agreement is an important step towards the footprint optimization strategic initiative, which aims to better use of our assets and improve the company's profitability."

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