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CORPORATE
Embraer Defense and Security has signed an agreement to acquire 30 per cent of the shares representing the capital of Airholding SGPS, S.A., from the European Aeronautic Defense and Space Company (EADS).
Airholding is a consortium formed in 2005 by Embraer and EADS, incorporated in Portugal with the specific purpose of holding a 65 per cent stake in OGMA. With this new agreement, Embraer takes full control over AIRHOLDING stake, while the Portuguese Government holds the remaining 35 per cent share through EMPORDEF – Portuguese Defense Company.
“This is an additional investment in Portugal, in order to strengthen the strategic partnership between Brazil and the European Union”, said Luiz Carlos Aguiar, President of Embraer Defense and Security. OGMA provides maintenance and repair for military and civilian aircraft, engines and components, as well as manufacturing and assembly of aircraft structures.