Embraer Share Sale May Raise $460 Million

Brazilian aircraft manufacturer Embraer is also seeking to sell shares via a secondary offering. The 43.3 million common shares will be sold by pension funds Previ and Sistel, who will be selling off part of their holdings in the company. The sale is expected to raise an estimated $460 million with shares offered in Brazil and as ADRs in the US. JPMorgan Chase will coordinate the transaction.