BR Malls, Cemex SAB, Mills, Cementos Argos: 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 1.1 percent to 4,586.54, the biggest drop since Jan. 6.

Brazil

BR Malls Participacoes SA (BRML3 BS): Brazil’s biggest owner of shopping malls said its board approved the sale of $85 million of perpetual bonds in the reopening of its notes sold on Oct. 7. The money from the sale will be used in acquisitions and for business development, according to regulatory filing. The shares were unchanged at 16.80 reais.

Mills Estruturas e Servicos de Engenharia SA (MILS3 BS): The provider of scaffolding and concrete forms for Brazil’s oil, shipbuilding and construction industries entered into an accord to buy 25 percent of the social capital of Rohr SA Estrutura Tubulares for 90 million reais ($53.9 million), according to a regulatory filing. Mills stock added 0.1 percent to 19.80 reais.

Colombia

Industrials: Colombia’s statistics agency will announce November industrial production today. Economists forecast the gauge rose 2.5 percent from a year earlier, according to the median of 15 estimates in a Bloomberg survey.

Cementos Argos SA (CEMARGOS CB), Colombia’s biggest cement maker, fell 1.2 percent to 11,560 pesos. Grupo Odinsa SA (ODINSA CB), the Bogota-based engineering and construction company, slipped 0.6 percent to 8,640 pesos. Inversiones Argos SA (INVARGOS CB), the owner of Colombia’s biggest cement company, retreated 1.6 percent to 19,880 pesos.

Mexico

U.S.-related companies: Sales of U.S. previously owned houses probably rose in December for a second month, economists said before a report today. Separately, the Labor Department is scheduled to release figures that may show initial applications for jobless benefits fell 25,000 last week to 420,000, according to a Bloomberg survey. Mexico ships about 80 percent of its exports to the U.S.

Alfa SAB (ALFAA MM), the world’s largest producer of aluminum engine heads, gained 0.1 percent to 132.51 pesos. Cemex SAB (CEMEXCPO MM), the largest cement maker in the Americas, dropped 1.1 percent to 12.21 pesos. Industrias CH SAB (ICHB MM), the largest Mexican steelmaker, declined 0.8 percent to 47.35 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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