Industrias Penoles, JBS, MPX Energia, Tecnisa: Latin America Stock 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 gained 0.9 percent to 4,138.15. In Brazil, preferred shares usually are the most-traded class of stock.

Brazil

JBS SA (JBSS3 BS): The world’s biggest beef producer said its Pilgrim’s Pride Corp. subsidiary will resume exports to Russia starting Sept. 4. Four Pilgrim’s Pride plants were approved for export to Russia, JBS said in a regulatory filing. The stock fell 1.1 percent to 7.17 reais.

MPX Energia SA (MPXE3 BS): The energy company controlled by billionaire Eike Batista plans to build a 10 million reais ($5.8 million) solar power plant in Brazil, Folha de S. Paulo reported, without saying where it obtained the information. The shares rose 1.3 percent to 28.35 yuan.

Tecnisa SA (TCSA3 BS): The Brazilian real-estate firm said it raised 90 million reais ($52 million) from a sale of debt due in 36 months, according to a regulatory filing. Tecnisa fell 1 percent to 9.65 reais.

Mexico

Industrias Penoles SAB (PE&OLES* MM): Mexico’s largest silver producer said the cancellation of an interest-rate hedge contract resulted in an “opportunity cost” loss of $81.9 million after a fixed-rate bond sale. Penoles dropped 0.2 percent to 282.33 pesos.

To contact the reporter on this story: Alexander Cuadros in Sao Paulo at acuadros@bloomberg.net

• Tweet
• More
  • Business Exchange
  • Buzz up!
  • Digg
• Print
• Email