Hogar, Panamericano, Tegma, Tractebel: Latin Equity

By William Freebairn and James Attwood

Dec. 23 (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 fell 3.6 percent yesterday to 2,056.55.

Brazil

Banco Panamericano SA (BPNM4 BS): The commercial lender said it completed a buyback of 10 percent of its outstanding shares. The buyback program, announced on Aug. 11, concluded with the acquisition of about 7 million shares, the bank said yesterday. Panamericano fell 1.3 percent to 2.36 reais.

Tegma Gestao Logistica SA (TGMA3 BS): The warehousing and transportation company said it plans to buy back as much as 10 percent of its outstanding common shares by June 21, 2009. The company said it has about 22.3 million outstanding common shares. Tegma rose 3.3 percent to 4.44 reais.

Tractebel Energia SA (TBLE3 BS): The Brazilian power- generation unit of GDF Suez SA agreed to buy assets from Econergy International Plc for 200 million reais ($84 million). Tractebel said it will also assume 203.5 million reais in debt for the assets. Tractebel fell 3.8 percent to 19 reais.

Colombia

Bolsa de Valores de Colombia (BVC CB): The operator of the country’s stock exchange was raised to “buy” from “hold” by the brokerage Interbolsa SA. BVC fell 1.1 percent to 18 pesos.

Mexico

Consorcio Hogar SAB (HOGARB MM): Mexico’s smallest publicly traded homebuilder said it sold 20.5 million pesos ($1.6 million) in convertible bonds to existing shareholders. The company said Nov. 18 it planned to offer shareholders as much as 180.6 million pesos in convertible debt. Hogar rose 0.6 percent to 1.65 pesos when it last traded Dec. 17.

Peru

Corp. Aceros Arequipa SA (CORA PE): Peru’s largest steelmaker said it will pay a cash dividend of 2 centimos a share on Jan. 30 to shareholders of record on Jan. 13. Aceros Arequipa fell 1.5 percent to 1.97 soles.

-- With reporting by Fabiola Moura in New York. Editors: Greg Chang, Jackie Cohen.

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