Cesp, Kimberly-Clark, Petrobras: 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 1.2 percent to 4,529.60.

Brazil

Agrenco Ltd. (AGEN11 BS): The agriculture and biofuels company obtained a three-year, 130 million-real ($78 million) credit line from GEM Global Yield Fund Ltd., according to a regulatory filing. The shares surged 14 percent to 2.16 reais.

Banco Panamericano SA (BPNM4 BS): The Brazilian bank that was bailed out with a 2.5 billion-real loan disclosed that U.S.- based Capital Research and Management Co. owns 4.9 percent of the bank’s preferred shares, according to a regulatory filing. The stock jumped 10 percent to 4.59 reais.

Cia. Energetica de Minas Gerais (CMIG4 BS): The state- controlled utility known as Cemig named Dorothea Fonseca Furquim Werneck chairwoman, according to a regulatory filing. Cemig dropped 2.5 percent to 28.11 reais.

Cia. Energetica de Sao Paulo (CESP6 BS): The state- controlled power company known as Cesp named Mauro Guilherme Jardim Arce as chief executive officer, according to a regulatory filing. Cesp advanced 1.2 percent to 29.95 reais.

Petroleo Brasileiro SA (PETR4 BS): The state-controlled oil company sold $6 billion of debt, according to data compiled by Bloomberg. Petrobras shares slipped 0.1 percent to 27.27 reais.

Vale SA (VALE5 BS): The world’s largest iron ore producer will invest about 14 billion ringgit ($4.6 billion) on its proposed trans-shipment project in Malaysia’s Perak state, Zambry Abdul Kadir, the state’s chief minister said in a telephone interview today. Vale decliend 1.1 percent to 52.12 reais.

Colombia

Almacenes Exito SA (EXITO CB): Colombia’s retail sales rose 21.4 percent in November from a year earlier, the national statistics agency said. Economists had forecast a 15.4 percent increase, according to the median estimate of 17 analysts surveyed by Bloomberg. The country’s largest publicly traded retailer declined 3.1 percent to 22,800 pesos.

Mexico

Miners: Copper may fall on speculation accelerating growth in China, the world’s biggest consumer of the metal, will lead to higher interest rates, a Bloomberg News survey showed. Another survey signaled gold may rise next week after prices dropped, making the precious metal more attractive to investors.

Grupo Mexico SAB (GMEXICOB MM), the country’s largest mining company, fell 1.7 percent to 47.73 pesos. Industrias Penoles SAB (PE&OLES* MM), the Mexican producer of silver and gold, plunged 4.8 percent to 397.73 pesos. Minera Frisco SAB (MFRISCOA MM), the mining company controlled by billionaire Carlos Slim, rose 3.9 percent to 55.29 pesos.

Kimberly-Clark de Mexico SAB (KIMBERA MM): Mexico’s biggest consumer products company said fourth-quarter net income declined 6 percent to 1.2 billion pesos ($99 million) from the same period last year. The shares slumped 1.6 percent to 70.4 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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