Eletrobras, Cosan, Telmex Internacional: Latin Equity Preview

By William Freebairn and Alexander Ragir

Sept. 22 (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 rose 10 percent on Sept. 19 to 3,500.27. Markets in Chile were closed Sept. 18 and 19 for holidays.

Brazil

Cosan SA Industria & Comercio (CSAN3 BS): The world's biggest sugarcane producer plans to sell 880 million reais ($488.9 million) of voting shares, the company said in a filing to Brazil's market regulator CVM late Sept. 19. Cosan rose 9.2 percent to 16.22 reais.

Centrais Eletricas Brasileiras SA (ELET6 BS): Brazil's state-controlled power holding company asked the World Bank for a $500 million loan to prepare the company to list so-called Level 2 American depositary receipts, Chief Executive Jose Antonio Muniz Lopes told O Estado de S. Paulo. Eletrobras rose 13 percent to 23.30 reais.

Petroleo Brasileiro SA (PETR4 BS): Brazil may let its citizens use money from individual worker-compensation funds to buy stock in Petrobras as part of a plan to raise cash for new offshore oil development, the Folha de S. Paulo newspaper said. Also crude oil rose for a fourth day on speculation a proposed $700 billion U.S. government rescue plan for the finance industry may shore up demand. Petrobras rose 8.6 percent to 34.98 reais.

Randon Participacoes SA (RAPT4 BS): Brazil's biggest auto- parts maker may rise after saying last week revenue increased 19 percent in August from a year earlier, Banco Fator Corretora said. Growth is related to investments that have reduced production bottlenecks, analysts Jacqueline Lison and Marcello Gunther wrote in a research note e-mailed Sept. 19. Randon rose 6.3 percent to 12.49 reais.

Colombia

Banco Popular SA (POPULA CB): The Colombian bank will pay a dividend of 84 centavos a share in the first week of every month from October to March, Popular said in a filing with regulators Sept. 19. Popular was unchanged at 260 pesos when it last traded Sept. 17.

Mexico

Promotora y Operadora de Infraestructura SAB (PINFRA* MM): The Mexican construction company and operator of toll highways said it bought 1.7 million of its own shares. Mexico City-based Pinfra did not disclose the price it paid, in an e-mail statement to the Mexican Stock Exchange Sept. 19. Pinfra fell 0.7 percent to 19.80 pesos.

Telmex Internacional SAB (TELINTL MM): The Latin American cable television and long-distance company received a ``buy'' rating in new coverage from analysts at IXE Grupo Financiero and Banif Securities. Changes to Brazilian law may permit Telmex Internacional to take control of cable company Net Servicos de Comunicacao SA, boosting net income by 18 percent, analysts Manuel Jimenez of IXE and Alex Pardellas of Banif wrote in a joint report e-mailed Sept. 19. Telmex Internacional rose 5.4 percent to 6.66 pesos.

To contact the reporter on this story: William Freebairn in Mexico City at wfreebairn@bloomberg.net.