BR Malls, Lan Airlines, Pao de Acucar, Vivo: Latin America 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 climbed 6.7 percent to 3,914.40. In Brazil, preferred shares usually are the most- traded class of stock.

Brazil

BR Malls Participacoes SA (BRML3 BS): Brazil’s biggest owner of shopping malls bought 49 percent ownership of the Via Brasil Shopping mall in the Rio de Janeiro metropolitan area and said it will invest 102.9 million reais ($58.1 million) in the venture. BR Malls rose 3.7 percent to 22.09 reais.

Cia Brasileira de Distribuicao Grupo Pao de Acucar (PCAR4 BS): Brazil’s biggest retailer said first-quarter profit rose 33 percent as an expanding middle class bought more electronics in preparation for the World Cup. Net income increased to 126.2 million reais ($71.3 million) from 94.9 million reais a year earlier. Shares gained 3.1 percent to 60 reais.

Cremer SA (CREM3 BS): The Brazilian maker of medical supplies said first-quarter net income rose to 9.4 million reais ($5.3 million). Shares gained 5.2 percent to 18 reais.

Vivo Participacoes SA (VIVO4 BS): Portugal Telecom SGPS SA rejected an offer from Telefonica SA of 5.7 billion euros ($7.3 billion) for its 50 percent share of Brasilcel, the holding company that controls Vivo, Brazil’s largest mobile-phone company. Vivo climbed 5.6 percent to 45.5 reais.

Chile

Lan Airlines SA (LAN CC): Latin America’s largest carrier by market value said cargo traffic rose 40 percent in April from a year earlier. Passenger traffic gained 0.1 percent in the same period, the Santiago-based airline wrote in an e-mailed statement. Lan jumped 4.4 percent to 9,804.6 pesos.

Peru

Maple Energy Plc. (MPLE PE): Peru’s natural-gas production fell 6.3 percent from the previous month to 349.8 million cubic feet per day in April, the country’s state oil contracting agency Perupetro said. Maple, the oil and natural gas producer with operations in Peru, closed unchanged at 92 cents.

To contact the reporters on this story: Nathan Gill in Quito at ngill4@bloomberg.net

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