Embraer privatized by the Brazilian government
Event context
Embraer (Empresa Brasileira de Aeronautica), founded Aug 19, 1969 as a Brazilian government-funded national champion, was sold to private investors on Dec 7, 1994, avoiding a looming bankruptcy. The Brazilian government retained "golden shares" providing veto power over certain decisions. In 2000, Embraer became a publicly traded corporation (Sociedade Anonima) on NYSE and B3.