Alfa, Comercial Mexicana, Fras-le, Sadia: 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

ALL America Latina Logistica SA (ALLL11 BS): All, Brazil’s biggest railroad operator, and other companies are under investigation by Brazil’s Federal Police for misappropriation of government-owned rail wagons and locomotives, TV Globo reported. All gained 16 percent to 11.80 reais.

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.

Petroleo Brasileiro SA (PETR4 BS): Brazil’s Guara oil field may hold as much as 4 billion barrels of oil, Gazeta Mercantil reported, citing unidentified people from state-controlled oil company known as Petrobras. The stock rose 6 percent to 20.52 reais.

Sadia SA (SDIA3 BS): Brazil’s biggest poultry exporter is in talks to sell a stake of as much as 20 percent to help cover losses from wrong-way currency bets, Estado de Sao Paulo reported. The company is seeking to raise as much as 800 million reais ($360 million) with the sale, the Sao Paulo-based newspaper said, citing unidentified people from equity funds in talks with Sadia. Sadia fell 4.5 percent to 4.90 reais.

Construtora Tenda SA (TEND3 BS): The Brazilian homebuilder named Carlos Eduardo Dan Alves Trostli its new chief executive officer. Trostli will replace Wilson Amaral, who will remain as chairman, Sao Paulo-based Tenda said in a regulatory filing today. Tenda gained 7.1 percent to 90 centavos.

Uniao de Bancos Brasileiros SA (UBBR11 BS): Brazil’s third- largest non-government bank agreed to pay $820 million for American International Group Inc.’s stake in a Brazilian insurance joint venture, ending an 11-year partnership. Unibanco gained 5.2 percent to 14.50 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.