Boeing seeks EU approval for Spirit deal
FILE PHOTO: Boeing Co's logo is seen above the front doors of its largest jetliner factory in Everett, Washington, U.S. January 13, 2017. REUTERS/Alwyn Scott/ File Photo
BRUSSELS (Reuters) -Boeing is seeking EU approval to buy back Spirit AeroSystems, the world's largest standalone aerostructures company, documents on the European Commission website show.
Boeing said in July last year that it had agreed to buy its former subsidiary for $4.7 billion in shares while Airbus would take on the supplier's loss-making Europe-focused activities.
The EU executive body is expected to make its decision on the deal by September 30.
Britain's competition regulator cleared the acquisition this month after deciding against an in-depth investigation into whether the deal would be anti-competitive.
(Reporting by Bart MeijerEditing by David Goodman)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Boeing delivered 64 planes in June
- UBS Reiterates Buy Rating on Boeing (BA) on Increased Confidence in 2026 Deliveries
- BAE Systems' EPAWSS electronic warfare system to protect Republic of Korea F-15K Slam Eagles
Create E-mail Alert Related Categories
ReutersRelated Entities
Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share