Embraer shareholder files complaint against Boeing deal: paper

A shareholder of planemaker Embraer filed a complaint with Brazil's securities regulator against a planned takeover of its commercial aircraft arm by Boeing, newspaper Valor Econômico reported Monday. Renato Chaves filed the complaint with regulator CVM late on Friday, arguing that the transaction would effectively grant control of Embraer to Boeing, disrespecting its statute, Valor reported. "It is a disguised acquisition of a controlling stake," Valor quoted Chaves as saying. Embraer's statute forbids any investor to own 35% or more of its shares directly or indirectly. Chaves is a former director for pension fund Previ, which manages pensions for employees of state-controlled lender Banco do Brasil SA. Valor did not specify the size of the Chaves' stake in Embraer, but said he acknowledged that the stake was very small.<br/>