By John Detrixhe
Feb. 3 (Bloomberg) -- The following companies may have unusual price changes today in Latin American trading. Stock symbols are in parentheses and share prices reflect the previous close.
The MSCI Latin America Index fell 1.9 percent to 2,031.31 Friday. In Brazil, preferred shares usually are the most-traded class of stock.
Argentina
Pampa Energia SA (PAMP AF): The Buenos Aires-based electricity holding company will buy up to $14.3 million of its own shares in a tender offer. Pampa will pay 75 centavos to 1.2 pesos apiece for up to 66.7 million of is own shares, or a total of 50 million pesos. Pampa fell 2 percent to 96 centavos.
Transportadora de Gas del Sur SA (TGSU2 AF): Argentina’s biggest natural gas transporter appointed Carlos Seijo as chief executive officer effective yesterday. Jorge Casagrande resigned for personal reasons, an external public relations representative said by phone. TGS rose 0.6 percent to 1.78 peso.
Brazil
Acucar Guarani SA (ACGU3 BS): The sugar and ethanol producer may sell as much as 301.6 million reais ($129.7 million) of shares as part of a private placement. Shares were unchanged at 2.10 reais.
Cia. Vale do Rio Doce (VALE5 BS): The world’s biggest iron- ore exporter will ship no more than an average of 55,000 metric tons of nickel concentrate annually from the Voisey’s Bay mine in Canada over the next four years. The mining company’s shares fell 0.9 percent to 27.75 reais.
Laep Investments Ltd. (MILK11 BS): The private-equity fund’s unit Parmalat Brasil Industria de Alimentos sold the Garanhuns milk operations for 31 million reais ($13.3 million) to Laticinios Bom Gosto SA. Laep rose 9.5 percent to 46 centavos.
Votorantim Celulose & Papel SA (VCPA4 BS): Brazil’s third- biggest pulp maker had its credit rating cut to BB+, one notch below investment grade, by Fitch Ratings. The shares fell 0.9 percent to 13.49 reais.
Mexico
Grupo Mexico SAB (GMEXICOB MM): The largest mining company in Mexico reported a fourth-quarter net loss of $175 million after copper prices plunged. That compares with a profit of $170 million in the year-earlier period. Shares fell 2.8 percent to 7.88 pesos on Jan. 30.
To contact the reporter on this story: John Detrixhe at jdetrixhe1@bloomberg.net
Posts
No comments:
Post a Comment