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Bancolombia, Carso, Gol, Tam, Vale: 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 advanced 0.7 percent to 4,671.69.

Brazil

Airlines: Brazilian airlines should accept workers’ demand for a 10 percent increase in wages, Labor Minister Carlos Lupi said in an interview from Brasilia.

Gol Linhas Aereas Inteligentes SA (GOLL4 BS), Brazil’s second-biggest carrier by market share, gained less than 0.1 percent to 26.49 reais. Tam SA (TAMM4 BS), Brazil’s largest carrier, was unchanged at 39.63 reais.

Banco do Brasil SA (BBAS3 BS): Previ, the pension fund of Banco do Brasil employees, said Neoenergia SA never evaluated buying Elektro Eletricidade e Servicos SA, according to a statement on the fund’s website. Previ owns 49 percent of Neoenergia and was responding to an earlier report in the Valor Economico newspaper. The stock gained 1.4 percent to 31.98 reais.

Camargo Correa Desenvolvimento Imobiliario SA (CCIM3 BS): The company sold 192.6 million common shares it held in Itausa Investimentos Itau SA, equivalent to 11.5 percent of the total shares of that class, according to a regulatory filing. Camargo now holds less than a percent of Itausa’s common and preferred shares. The shares climbed 1.4 percent to 8.48 reais.

Rodobens Negocios Imobiliarios SA (RDNI3 BS): The Sao Jose do Rio Preto, Brazil-based homebuilder forecast fourth-quarter contracted sales of 189 million reais ($112.9 million) and project launches of 489 million reais, according to a regulatory filing. Rodobens declined 2.5 percent to 16.56 reais

Vale SA (VALE5 BS): Vale and the United Steelworkers union are poised to restart contract talks this afternoon to resolve a 17-month strike at the Voisey’s Bay nickel mine in eastern Canada, Boyd Bussey, a United Steelworkers spokesman, said today in a telephone interview. Vale climbed for a third day, advancing 1.4 percent to 51.56 reais.

Colombia

Bancolombia SA (PFBCOLO CB): The nation’s biggest lender sold $520 million of five-year bonds in international markets, according to data compiled by Bloomberg. Bancolombia fell 0.6 percent to 29,000 pesos.

Mexico

Airports: Grounded airline Grupo Mexicana de Aviacion SA will probably resume ticket sales by the week of Jan. 24, and the return to the air shortly afterward, said Humberto Trevino, Mexico’s deputy minister of transportation, according to remarks broadcast on Radio Formula.

Grupo Aeroportuario del Sureste SAB (ASURB MM), the operator of airports in southern Mexico, gained 1.6 percent to 72.14 pesos. Grupo Aeroportuario del Pacifico SAB (GAPB MM), the operator of airports in the Pacific and central regions of the country, added 1.8 percent to 51.35 pesos. Grupo Aeroportuario del Centro Norte SAB (OMAB MM) added 0.7 percent to 23.87 pesos.

Grupo Carso SAB (GCARSOA1 MM): The holding company controlled by billionaire Carlos Slim plans spinoffs of its real-estate and mining units for today. The shares added 0.8 percent to 78.01 pesos.

Peru

Sociedad Minera Cerro Verde SA (CVERDEC1 PE): The Freeport-McMoRan Copper & Gold Inc. unit was unchanged at $56. Workers at the company’s Peruvian copper mine plan to strike Jan. 14 in a dispute over health and overtime issues, said Leoncio Amudio, the union’s general secretary.

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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