Garrigues Portugal advises Aernnova on €151m acquisition from Embraer

Garrigues Portugal has advised Aernnova, on a €151m acquisition from Embraer, of its factories in Évora

pjimage 2022 01 17T084532.358Garrigues Portugal has advised Aernnova on the acquisition from Embraer of its factories in Évora, operated by Embraer Portugal Estruturas Metálicas and Embraer Portugal Estruturas em Compósitos. The transaction has been valued at $172 million (more than €151 million at the applicable currency exchange rate).

A spokesperson said: “This is Aernnova’s first investment in Portugal and represents an important milestone in strengthening its position as a premier supplier for single aisle aircrafts, as well as its status as a global leader in the design and manufacture of aerostructures.”

Aernnova is a multinational company with over 4,500 employees and operations in Brazil, Mexico, the United Kingdom and the United States. In addition to Embraer, its clients include companies such as Airbus, Bell Helicopters, Boeing, Northrop Grumman, Sikorsky and Space X.

Garrigues Portugal’s multidisciplinary team was led by partners Susana Pimenta de Sousa (pictured left), (Garrigues Lisbon), Ricardo Villanueva Vielba (pictured right), (Garrigues Bilbao) and principal associate Pedro Lemos Carvalho (Garrigues Lisbon). It included the participation of associates Mariana Velosa e Ferreira (Garrigues Lisbon) and Guillermo Arbulu (Garrigues Bilbao) as well as other professionals from different practice areas involved in the project.

Abreu Advogados advised Embraer Portugal Estruturas Metalicas with Madalena Caldeira, Mafalda Teixeira de Abreu, Marta Romano de Castro and Ines Sequeira Mendes.

Garrigues Portugal advises Aernnova on €151m acquisition from Embraer

Michael Heron

Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website

Iberian Legal Group, S.L.
Registered office: C/ Ríos Rosas 44A - 2 G,H 28003 Madrid España

Copyright 2023 © All rights Reserved. Design by Origami Creative Studio


Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram