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Cap, CSN, Relapasa, Sao Martinho, Televisa: Latin American Equity Preview

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 jumped 1.5 percent to 4,311.88. In Brazil, preferred shares usually are the most-traded class of stock.

Brazil

Cia. Siderurgica Nacional SA (CSNA3 BS): Brazil’s third- largest steelmaker plans to reach an agreement this month with Asian steelmakers about an initial public offering in CSN’s iron-ore business, said the unit’s managing director, Charles Putz. CSN fell 0.3 percent to 35.70 reais.

Sao Martinho SA (SMTO3 BS): Brazil’s third-largest sugar maker and Amyris Biotechnologies Inc. agreed to form a partnership to build a chemical plant in the Brazilian state of Sao Paulo with capacity to process 1 million metric tons of sugar-cane and will start production in 2012, Sao Martinho said. Sao Martinho rose 0.1 percent to 16.95 reais.

Tegma Gestao Logistica SA (TGMA3 BS): The warehousing and transportation company based in Sao Bernardo do Campo, Brazil, said it transported 23.6 percent more cars in the first quarter, compared to the same period a year ago. Tegma fell 0.7 percent to 15.20 reais.

Chile

Cap SA (CAP CC): Gerdau SA’s Chilean steel mills are resuming operations after an earthquake in February led them to halt output, Chief Executive Officer Andre Johannpeter said yesterday in Sao Paulo. Cap, the country’s largest steelmaker, advanced 1.1 percent to 16,895 pesos.

Cia. Sudamericana de Vapores SA (VAPORES CC): A block of 318 million shares in Latin America’s biggest container ship company will be auctioned on the Santiago exchange today at 9:15 a.m. New York time. Bidding starts at $1.13 each (585.45 pesos), the exchange wrote in a statement on its Web site. Vapores climbed 2.4 percent to 435 pesos.

Mexico

Grupo Televisa SA (TLEVICPO MM): The world’s largest Spanish-language broadcaster will produce a soap opera with state-owned China International Television Corp. The program will be made in China and distributed in Latin America, Mexico City-based Televisa said in an e-mailed statement. Grupo Televisa rose 0.2 percent to 52.62 pesos.

Peru

Refineria la Pampilla SA (RELAPAC1 PE): Peru’s oil and liquid gas production fell 3 percent from the previous month to 155,699 barrels per day in March, the country’s state oil contracting agency Perupetro said in an e-mailed statement. Relapasa, as Peru’s largest petroleum refinery is known, rose 1 percent to 2.02 soles.

To contact the reporters on this story: Paulo Winterstein in Sao Paulo at pwinterstein@bloomberg.net; James Attwood at Jattwood3@bloomberg.net

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