Besalco, Copel, Gerdau, Gol, LLX: 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 0.2 percent to 4,536.39, its fourth day of gains.

Brazil

Cia Paranaense de Energia-Copel (CPLE3 BS): The largest electricity distributor in the southern region plans to invest 2.06 billion reais in 2011. It will invest 1.02 billion in electricity generation and transmission, 933 million reais in distribution and 102 million in telecomunications, according to a regulatory filing. Copel fell 0.6 percent to 39 reais.

Gerdau SA (GGBR4 BS): Brazilian steel companies such as Gerdau SA will retain their investment-grade credit ratings even as they face “unprecedented” levels of imports, Fitch Ratings Ltd. said in a report distributed by Business Wire. Gerdau rose 1.1 percent to 21.32 reais.

Gol Linhas Aereas Inteligentes SA (GOLL4 BS): The airline said that total demand rose 5.4 percent in November from a year earlier and capacity surged 11 percent. Total occupancy rate fell to 68 percent last month, from 72 percent a year earlier. Gol rose 1 percent to 39.36 reais.

LLX Logistica SA (LLXL3 BS): The transportation company controlled by Brazilian billionaire Eike Batista, was lowered to “underperform” from “hold” at Banco Santander SA. The brokerage cut the share-price estimate to 4.5 reais from 11 reais, according to a report by analyst Alexandre Amson. The stock rose 4.6 percent to 4.80 yuan.

Chile

Besalco SA (BESALCO CC): The construction and engineering company will become a member of the IPSA stock index as of next year, according to a statement posted on the website of the Santiago stock exchange. Besalco rose 2 percent to 1,010 pesos.

Soc. de Inversiones Oro Blanco SA (OROB CC): A block of 796 million shares in the holding company, whose main asset is an indirect stake in fertilizer producer Soc. Quimica y Minera de Chile SA will be auctioned on the Santiago exchange at 10.20 pesos per share. Oro Blanco fell 0.1 percent to 10.39 pesos.

Mexico

Grupo Mexico SAB (GMEXICOB MM): Fitch Ratings said it raised the long-term foreign currency issuer default rating of the nation’s largest mining company to BBB from BBB-. Fitch reaffirmed the ‘BBB’ rating for the company’s Southern Copper Corp. subsidiary. Grupo Mexico climbed 3 percent to 45.36 pesos.

-- With assistance from and Ben Bain in New York. Editor: Allen Wan

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

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

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