By Paulo Winterstein and James Attwood
Jan. 6 (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 3 percent yesterday to 2,277.06.
Brazil
Perdigao SA (PRGA3 BS): Brazil’s biggest food company said it decided to relocate dairy production from two of its plants, leading to 233 job cuts. Perdigao fell 0.8 percent to 31.76 reais.
Votorantim Celulose & Papel SA (VCPA4 BS): Brazil’s third- biggest pulp maker said yesterday that shareholder Barclays Plc sold 118,200 preferred shares, reducing its stake in VCP to 5 percent. VCP rose 2.3 percent to 19.26 reais.
Petroleo Brasileiro SA (PETR4 BS) and Braskem SA (BRKM5 BS): Petrobras, as the state-controlled oil company is known, and Braskem, Latin America’s largest petrochemical company, are looking to build an $800 million petrochemical plant that would produce ammonium nitrate and fertilizer for Peru’s mining and agriculture industries. Peru plans to build a petrochemical complex in the southern port of Marcona, the Andean country’s Energy & Mines Minister Pedro Sanchez Gamarra said yesterday. Petrobras rose 2.3 percent to 25.10 reais. Braskem climbed 6.9 percent to 6.04 reais.
Colombia
Suramericana de Inversiones SA (SURAMIN CB): The holding company with financial services, cement and food assets was reiterated “buy” at brokerage Interbolsa SA. Suramericana rose 0.5 percent to 15,580 pesos.
To contact the reporters on this story: James Attwood in Santiago at jattwood3@bloomberg.net; Paulo Winterstein in Sao Paulo at pwinterstein@bloomberg.net
Posts
No comments:
Post a Comment