The following companies may have unusual price changes in Latin American trading. Stock symbols are in parentheses and share prices reflect the previous close.
CPFL Energia SA (CPFE3) : Brazil’s largest private-sector power distributor hasn’t made a proposal to buy Elektro Eletricidade e Servicos SA, the company said in a regulatory filing. The shares dropped 1.1 percent to 39.65 reais.
Centrais Eletricas Brasileiras SA (ELET3) : Brazil’s monetary council approved state-controlled power companies to obtain as much as 800 million reais ($475.4 million) of financing, the central bank said yesterday. Latin America’s largest utility fell 0.8 percent to 24.21 reais.
Alfa SAB (ALFAA) : The company reduced its 2010 capital spending budget to $350 million, Chief Financial Officer Ramon Leal said on a conference call. Earnings before interest, taxes, depreciation and amortization will be $1.215 billion, Leal said. The shares dropped 0.8 percent to 97.5 pesos.
Banco Compartamos SA (COMPARTO MM): The Mexican bank that lends to low-income customers reported a third-quarter net income of 491 million pesos ($39.2 million), the company said in a statement to the Mexican stock exchange yesterday. The shares gained 1.2 percent to 89.91 pesos.
IXE Grupo Financiero SAB (IXEGFO MM): The bank may merge with Grupo Financiero Banorte SAB, the company said in a statement to the Mexican stock exchange. The two financial institutions have signed a non-binding agreement to merge operations, IXE said. The shares jumped 4.5 percent to 18.6 pesos.
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