Alfa, Comercial Mexicana, Fras-le, MPX: Latin Equity Preview

Nov. 27 (Bloomberg) -- The following companies may have unusual price changes today in Latin America trading. Stock symbols are in parentheses and share prices reflect the previous close.

The MSCI Latin America Index rose 4.5 percent yesterday to 1,995.09.

Brazil

Fras-le SA (FRAS4 BS): The auto and rail parts maker that is a unit of Randon Participacoes SA plans to repurchase up to 9.8 percent of the company’s outstanding preferred stock after the shares plunged. Fras-le rose 0.4 percent to 2.59 reais.

MPX Energia SA (MPXE3 BS): The energy company said a Federal Court injunction prohibits expansion of the Pecem port, where MPX is building a $1.3 billion coal-fired power plant with EDP-Energias de Portugal SA. MPX rose 3.4 percent to 155 reais.

Chile

Masisa SA (MASISA CC): The lumber company with operations in Argentina and Venezuela plans to raise as much as $214 million from the sale of new shares and bonds to repay short-term debt. Masisa rose 2.8 percent to 53.46 pesos.

Mexico

Alfa SAB (ALFAA MM): The world’s largest maker of aluminum engine heads and blocks forecast 2008 operating cash flow of $985 million, lower than the $1.1 billion projection the company gave a year ago. Alfa fell 0.8 percent to 24.72 pesos.

Controladora Comercial Mexicana SAB (COMERUBC MM): The Mexican supermarket operator that filed for bankruptcy protection agreed to sell its 50 percent stake in consumer finance company Prestacomer SA to BNP Paribas for 120 million pesos ($9.09 million). Comercial Mexicana rose 4.5 percent to 2.34 pesos.