Alfa, Compartamos, CPFL Energia, Eletrobras: 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 fell 3.4 percent to 4,444.45. In Brazil, preferred shares usually are the most-traded class of stock.

Brazil

CPFL Energia SA (CPFE3 BZ): 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 BZ): 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.

Mexico

Alfa SAB (ALFAA MM): 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.

-- With assistance from Carlos Manuel Rodriguez, Thomas Black, Jens Erik Gould, Jose Enrique Arrioja and Jonathan Roeder in Mexico City and Robin Stringer in New York. Editor: Allen Wan

To contact the reporter on this story: Andres R. Martinez in Mexico City at amartinez28@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at dpapadopoulos@bloomberg.net

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