By Paulo Winterstein and James Attwood
Nov. 18 (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 2.1 percent yesterday to 1,980.24. Markets in Colombia and Mexico were closed yesterday for a holiday.
Brazil
Banco Cruzeiro do Sul SA (CZRS4 BS): The Sao Paulo-based bank that listed shares in 2007 plans to buy back up to 10 percent of preferred shares, Cruzeiro do Sul said yesterday in a regulatory filing. Cruzeiro do Sul fell 4.2 percent to 4.36 reais.
Cia. Siderurgica Nacional SA (CSNA3 BS): Brazil's third- biggest steelmaker said it will revise some of its plans to invest in expanded production because an economic slump is eroding demand for metals. Some investment ``will be revised,'' Chief Financial Officer Otavio Lazcano said yesterday on a conference call with investors and analysts. CSN rose 1.7 percent to 23.60 reais.
Energisa SA (ENGI4 BS): The owner of five electricity- distribution utilities in Brazil plans to buy back up to 5 percent of preferred shares, according to a filing posted yesterday on Brazil's securities regulator Web site. Energisa rose 1.5 percent to 6.60 reais.
MPX Energia SA (MPXE3 BS): The energy company controlled by Brazilian billionaire Eike Batista signed a $536.7 million contract for the construction of a coal-fired power plant in Brazil. The company hired Mabe Construcao e Administracao de Projetos Ltda. to build the plant, which is expected to start operating by June 2012, according to a regulatory filing Rio de Janeiro-based MPX posted yesterday. MPX fell 3.7 percent to 155 reais.
Chile
Azul Azul SA (AZUL CC): The owner of the Universidad de Chile soccer club is scheduled to allocate shares in a ceremony at 7 a.m. New York time today in Chile's first initial public offering this year. It priced the offering yesterday at 480 pesos a share.
Colombia
Bancolombia SA (BCOLO CB): The American depositary receipts of Colombia's biggest lender fell 2 percent in New York yesterday when local markets were closed. Bancolombia shares rose 4.3 percent to 11,700 pesos when they last traded on Nov. 14.
Ecopetrol SA (ECOPETL CB): Crude oil fell to the lowest close since January 2007 yesterday as Japan entered its first recession since 2001 and China's largest oil producer said demand dropped ``sharply.'' Ecopetrol, Colombia's state-controlled oil company, rose 3.4 percent to 2,000 pesos when it last traded on Nov. 14. Colombian markets were closed for a public holiday yesterday.
Mexico
Grupo TMM SAB (TMMA MM): The Mexican transportation company said it was notified last month by the New York Stock Exchange that TMM is not in compliance with listing standards for its American depositary receipts. The company intends to comply with the requirements, TMM said in a statement Nov. 14. TMM gained 5.1 percent to 12.63 pesos when it last traded Nov. 13.
Vitro SAB (VITROA MM): Mexico's biggest glassmaker said Hugo Lara, head of its flat glass unit, was named chief executive officer. Lara replaces replaced Federico Sada, who resigned Nov. 14, the company said in a statement. Vitro rose 2.3 percent to 8.65 pesos.
To contact the reporters on this story: Paulo Winterstein in Sao Paulo at pwinterstein@bloomberg.net; James Attwood in Santiago at jattwood3@bloomberg.net.
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