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EU to Approve Boeing’s $4.7 Billion Takeover of Spirit AeroSystems, With Conditions
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EU to Approve Boeing’s $4.7 Billion Takeover of Spirit AeroSystems, With Conditions
Boeing has proposed to EU regulators that it would sell Spirit’s loss-making operations in Europe to Airbus. Boeing is set to gain EU antitrust approval for acquiring Spirit AeroSystems for $4.7 billion, according to sources familiar with the matter. The approval will come with conditions, such as the sale of some Spirit business to address EU regulatory concerns. The deal was announced by Boeing last July. It was aimed to streamline operations …
According to insiders, Boeing is facing EU approval for the acquisition of the supplier Spirit Aerosystems. The European Union wants to win through the $4.7 billion transaction under conditions. Parts of the business are to go to a direct competitor.
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