Brasil Foods, Ecopetrol, Vivo, Maisa and Sanluis: Latin 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 fell 1.5 percent to 3,639.55. In Brazil, preferred shares usually are the most-traded class of stock.

Brazil

BRF - Brasil Foods SA (BRFS3 BS): The world’s largest poultry exporter said it plans to challenge a recommendation by a Brazilian government agency that it sell assets before winning antitrust approval for the takeover of a rival. Brasil Foods slumped 6.3 percent to 23.7 reais.

EDP Energias do Brasil SA (ENBR3 BZ): The Brazilian unit of Portugal’s largest power company signed a loan of 135 million reais from Banco do Brasil SA which will mature in 2015. EDP will use the funds to capitalize its EDP Escelsa unit, according to a regulatory filing. EDP was unchanged at 35.8 reais.

Vivo Participacoes SA (VIVO4 BZ): Portugal Telecom SGPS SA investor Ongoing Strategy Investments SGPS SA said it voted in favor of selling the company’s stake in a venture that controls Brazil’s largest mobile-phone company, Vivo. The shares fell 1.9 percent to 46.4 reais.

Chile

Masisa SA (MASISA CC): The Santiago-based wood products maker had its issuer default ratings downgraded to “BB” from “BB+” at Fitch Ratings, citing an increasingly negative operating environment in Venezuela and the risks of operating in Argentina. Masisa dropped 1 percent to 72.24 pesos.

Quintec SA (QUINTEC CC): The Santiago-based software company and Brazil’s Politec SA canceled a merger agreement signed last year, Quintec said in a statement posted on the website of Chile’s securities regulator. Quintec shares were unchanged at 165 pesos.

Colombia

Ecopetrol SA (ECOPETL CB): The nation’s largest oil producer may rise after the government announced it would increase gasoline prices in July. The shares rose 0.6 percent to 2,755 pesos.

Mexico

Sanluis Corporacion SAB (SANLUISA MM): The Mexican auto- parts maker said its Sanluis Co-Inter SA unit missed a bond payment of $88.1 million due yesterday because of a drop in auto-parts demand. Sanluis said its unit expects to present a debt restructuring plan. The shares fell 0.4 percent to 2.28 pesos.

To contact the reporters on this story: Nathan Gill in Quito at ngill4@bloomberg.net or Eduardo Thomson Correa in Santiago at ethomson1@bloomberg.net

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