Aliansce Shopping Centers, Cemex, Telebras: Latin America Equity Preview

The following companies may have unusual price changes in Latin American trading. Stock symbols are in parentheses and share prices reflect the previous close.

The MSCI Latin America Index rose 1.6 percent to 3,897.02. In Brazil, preferred shares usually are the most-traded class of stock.

Brazil

Aliansce Shopping Centers SA (ALSC3 BS): The shopping mall developer will invest 127 million reais to build a new mall in Belem, Brazil. Aliansce fell 0.3 percent to 11.25 reais.

JBS SA (JBSS3 BS): The world’s biggest beef producer completed the acquisition of Grupo Toledo, based in Gent, Belgium, with an enterprise value of 11 million euros. JBS was unchanged at 8.05 reais.

Telecomunicacoes Brasileiras SA (TELB4 BS): Brazil’s opposition Democrats party will ask the country’s highest court to suspend the revival of Telebras, as the company is also known, for use in a national Internet broadband plan as it would require Congress approval first. Telebras fell 2.2 percent to 1.32 reais.

Mexico

Cemex SAB de CV (CEMEXCPO MM): The largest cement producer in the Americas, was awarded a contract to supply 500,000 tons of cement for a Panama Canal expansion project. Cemex rose 1.4 percent to 12.62 pesos.

Corporacion GEO SAB de CV (GEOB MM): The Mexican real estate developer will invest 2.4 billion pesos ($189 million) to build 9,000 houses in the state of Hidalgo. Geo rose 2.4 percent to 34.2 pesos.

Peru

Luz del Sur SAA (LUSURC1 PE): The Lima-based electricity distributor won a concession to build a $160 million hydroelectric plant in the southern Andes. Luz del Sur rose 0.4 percent to 4.95 soles.

Southern Peru Copper Corporation (SPCCI1 PE): Peru’s copper export revenue rose 28 percent in May from a year ago, while gold shipments increased 5.3 percent, the country’s central bank said. Southern Peru, the nation’s biggest copper producer, was unchanged at 57 soles.

To contact the reporter on this story: Eduardo Thomson in Santiago at ethomson1@bloomberg.net Alexander Emery in Lima at aemery1@bloomberg.net

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