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Carso, Copel, Petrobras, Vivo: 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 snapped a four-day rally, declining 0.7 percent to 4,468.30.

Brazil

Cia Paranaense de Energia-Copel (CPLE6 BS): The largest electricity distributor in Brazil’s southern region named Lindolfo Zimmer as chief executive officer and Ricardo Portugal Alves as chief financial officer, according to a regulatory filing. The shares fell 1.2 percent to 40.33 reais.

Petroleo Brasileiro SA (PETR4 BS): Total November oil and gas production was 2.6 million barrels a day, of which 2.03 million barrels was in Brazil, Petrobras said in an e-mailed statement. The company on Dec. 25 started long-duration tests at the Guara area in the pre-salt region, according to a separate regulatory filing. The tests will last five months, with an estimated output of 14,000 barrels of oil a day, Petrobras said. Brazil’s state-controlled oil company gained 1.2 percent to 26.05 reais.

Vivo Participacoes SA (VIVO4 BS): Brazil’s largest mobile- telephone service operator approved the incorporation of its stock into fixed-line provider Telecomunicacoes de Sao Paulo SA, according to regulatory filings. Vivo fell 1.4 percent to 52.54 reais.

Chile

Cia. Cervecerias Unidas SA (CCU CC): Chile’s largest brewer agreed to pay $13.2 million for controlling stakes in apple cider bottlers Saenz Briones y Cia. SA and Sidra La Victoria SA in Argentina, the company said in an e-mailed press release. The shares fell 0.4 percent to 5,528 pesos.

Mexico

Consorcio Hogar SAB (HOGARB MM): The homebuilder’s board approved an investment in the holding company of Alteq Construcciones SA, which would make both Alteq and the holding company consolidated units of Hogar, according to a statement to Mexico’s stock exchange. Hogar plunged 3.4 percent to 8.59 pesos, the biggest drop since Nov. 16.

Grupo Carso SAB (GCARSOA1 MM): The holding company controlled by billionaire Carlos Slim added a Kissimmee, Florida, property to its Mexican hotel chain as it prepares for a spinoff of its real estate unit, Mexico City-based Carso said in a filing to Mexico’s banking and securities commission. Carso dropped 1.2 percent to 80.68 pesos.

To contact the reporter on this story: Jonathan J. Levin in Mexico City at jlevin20@bloomberg.net

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

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