ALL, Multiexport, Telefonica Chile, Vitro: Latin Equity Preview

By William Freebairn and James Attwood

Sept. 25 (Bloomberg) -- The following companies may have unusual price changes today in Latin America trading. Stock symbols are in parentheses, and share prices are from the previous close. Preferred shares are usually the most-traded class of stock in Brazil.

The MSCI Latin America Index fell 0.7 percent yesterday to 3,324.77.

Brazil

ALL America Latina Logistica SA (ALLL11 BS): MRC Servicos Ferroviarios DPRS-AL Ltda. received a loan from Brazil's national development bank to build a rail terminal to be used by ALL, Latin America's largest railroad operator. The grain terminal is being built in Parana state, the bank said in a statement e- mailed yesterday. ALL fell 1.1 percent to 15.80 reais.

Cia. Vale do Rio Doce (VALE5 BS): The world's biggest iron- ore producer approved plans to build its second alumina refinery in Brazil's Para state with Hydro Aluminum AS, Vale said in a statement e-mailed yesterday. Vale rose 1.9 percent to 34.15 reais.

Chile

Compania de Telecomunicaciones de Chile SA (CTCA CC): Directors of Chile's biggest fixed-line carrier, known as Telefonica Chile, said an offer from Telefonica SA to buy shares in the Chilean company it doesn't already own ``may be convenient for shareholders.'' Telefonica Chile responded to the share purchase offer in separate letters from each director posted yesterday on the Chilean securities regulator's Web site. Madrid- based Telefonica set Oct. 16 as the deadline to accept its bid to buy the remaining 55 percent of the company for 1,000 pesos a series A share. Series A shares rose 0.8 percent to 970 pesos.

Multiexport Foods SA (MULTIFOO CC): Chile's salmon production in 2009 may decline for a second year as companies battle a virus that causes anemia in fish, an industry group said. Allowing production areas to go unused for weeks to control the spread of the sickness will trim output as more companies implement the measure, Rodrigo Infante, chief executive officer of the Santiago based Association of Chile's Salmon Industry AG, said yesterday in a telephone interview. Multiexport, the world's sixth-largest salmon producer, gained 4.5 percent to 115 pesos.

Mexico

Vitro SAB (VITROA MM): Mexico's largest glassmaker was reduced to ``hold'' from ``buy'' by Banco Santander SA because of higher energy costs. Natural gas expenses will contribute to a ``challenging'' second half of the year, analyst Luis Miranda wrote in a report e-mailed yesterday. Vitro fell 5.3 percent to 13 pesos.

To contact the reporters on this story: William Freebairn in Mexico City at wfreebairn@bloomberg.net; James Attwood in Santiago at jattwood3@bloomberg.net