Embraer calls meeting to vote on absorbing GPX unit

Brazilian aircraft manufacturer Embraer called an extraordinary general meeting for October 30, 2026, at 10:00 a.m. Shareholders will vote online on absorbing wholly owned subsidiary GPX as part of a corporate reorganisation.

The transaction will not change Embraer's share capital. Embraer holds all of GPX's share capital, meaning the subsidiary's net equity is already reflected in the parent company's balance sheet. Shareholders will also vote to ratify the hiring of Forvis Mazars Auditores Independentes to prepare the valuation report on GPX's net equity.

Separately, brokerage XP Investimentos maintained a buy rating on Embraer shares in a recent report. XP set a target price of $90 per American Depositary Receipt (ADR), which corresponds to 116 Brazilian reais per share by the end of 2027. XP noted that Embraer shares have risen about 30% since its positive thesis revision in March, citing visible growth toward 2030 without requiring a new capital expenditure cycle.