PDPsol
Posts: 1111
Joined: Fri Feb 20, 2004 5:09 am

EADS, Bnds & Others Selling Out Of ERJ

Thu Jan 25, 2007 4:21 am

EADS, Dassault SA, and local institutional investors, PREVI [pension fund of Banco do Brasil], BNDES and Sistel are selling out their stake in Embraer SA in a BRL 1,580 million secondary offering to be led by JP Morgan.

http://www.bloomberg.com/apps/news?p...conews&tkr=ERJ:US&sid=auCDnwMD_AKs

I think this is great news for Embraer, as it will enhance trading liquidity for the company's equity on both the BOVESPA and NYSE stock markets and further increase access to international capital markets.

In addition, Embraer will now be free to embark on strategic initiatives freely, with greater corporate governance independence.

Embraer has done so much to enhance its corporate governance and equity liquidity over the past year, including the homoginization of its ON and PN shares and, now, a massive secondary equity offering.

CONGRATS Embraer!

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos