Home Business The main individual shareholder of Embraer reduces shareholding

The main individual shareholder of Embraer reduces shareholding

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US investment manager Brandes, Embraer’s main individual shareholder, announced on Wednesday, December 27, that it reduced its stake in Brazilian aircraft manufacturer Embraer to 14%, or 106.6 million shares.

Before, the participation of Brandes in Embraer was 15%. The largest private partners after it are Mondrian (10.1%), BNDESPar (5.4%) and Blackrock (5%).

Embraer shares rose 23% last Thursday with the news that the company is studying an alliance with Boeing.