Embraer Seeks Capital Reorganization

Brazil’s Empresa Brasileira de Aeronautica SA (Embraer), the world’s fourth-largest aircraft manufacturer, is planning to reorganize its capital structure. Board approval is being sought to convert its stock – which accounts for two-thirds of the company’s capital — to voting shares. The capital reorganization would allow larger investors to reduce their equity holdings in Embraer by increasing trading of the company’s shares. If the board approves the plan, it will be submitted for shareholder approval.