Embraer's electric aircraft co Eve to get $30 mln from Spain's Acciona (updated)
18/03/2022 11:16
(Adds details, Acciona CEO quote)
SAO PAULO, March 18 (Reuters) - Brazilian planemaker Embraer
SA EMBR3.SA said on Friday that Spain's Acciona SA ANA.MC
will invest $30 million in its electric aircraft subsidiary Eve,
which is expected to list on the New York Stock Exchange in the
second quarter of 2022.
The investment will take place after Eve concludes its
combination with Zanite Acquisition Company ZNTE.O for the
listing, Embraer said in a securities filing, adding that
Acciona's chairman and chief executive Jose Manuel Entrecanales
will become one of Eve's seven board members.
"Whether we like it or not, the world's population is
increasingly concentrating in larger cities... Urban air
transport models such as the one proposed by Eve can be very
useful when considering different sustainable mobility
solutions," Entrecanales said in the filing.
Acciona is set to join a series of previously announced
investors in Eve, such as fixed-wing operators Republic Airways
and SkyWest Inc SKYW.O , lessors Azorra and Falko, investment
bank Bradesco BBI, technology providers Rolls-Royce RR.L and
Thales TCFP.PA , and defense industry firm BAE Systems
BAES.L .
Eve had disclosed plans for the listing in December.
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(Reporting by Gabriel Araujo; editing by Jason Neely and Chizu
Nomiyama)
((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))