SAO PAULO, Sept 1 (Reuters) - Brazilian mall operator Iguatemi Empresa de Shopping Centers SA said on Wednesday it had proposed a corporate reorganization to allow for faster growth, which would be put to a shareholder vote on Oct. 1.

Under the proposal, private holding company Jereissati Participacoes will incorporate Iguatemi Empresa de Shopping Centers to form a new company listed as Iguatemi S.A.

The Jereissati family, which is the main shareholder in Iguatemi, controls Jereissati Participacoes.

Minority shareholders in the existing company will receive units in the new one, representing a mix of common and preferred shares, the company said in a filing.

Iguatemi said shareholders will receive 0.1594 common share and 0.319 preferred share in the new Iguatemi S.A. per common share they currently own, in the form of units. Each unit includes one common and two preferred shares.

The exchange ratio was established by an independent committee that analyzed the transaction, it said, adding that the reorganization would allow for faster growth. (Reporting by Tatiana Bautzer, Editing by Louise Heavens and Alexander Smith)