Arca, Gruma, Eletrobras, 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 snapped a three-day slump, advancing 0.6 percent to 4,550.18.

Brazil

Banco do Brasil SA (BBAS3 BS): The lender’s BB Seguros Participacoes SA unit bought 16.7 percent of Brasilcap Capitalizacao SA’s common shares from Sul America Capitalizacao SA for 137 million reais ($82 million), according to a regulatory filing. The shares rose 0.9 percent to 31.03 reais.

Banco Panamericano SA (BPNM4 BS): Brazil’s bank deposits insurance fund has been approached by “three or four banks” interested in buying Banco Panamericano SA, the fund’s executive director Antonio Carlos Bueno de Camargo Silva said in a telephone interview. Panamericano surged 9.9 percent to 4.98 reais.

Cia. Brasileira de Propriedades Agricolas SA (AGRO3 BS): The agricultural company may sell new shares, according to a regulatory filing. The company said earlier this month it plans to raise its capital limit to 3 billion reais from 1.5 billion reais so that it can raise new funds. The stock slipped 0.3 percent to 11.33 reais.

Centrais Eletricas Brasileiras SA (ELET6 BS): Latin America’s largest utility may take a stake in Cia. Energetica de Goias SA as part of a plan to rescue the smaller utility, Goias state Governor Marconi Perillo told reporters in Brasilia. Eletrobras snapped a five-day slump, climbing 0.7 percent to 27 reais.

HRT Participacoes em Petroleo SA (HRTP3 BS): The Brazilian oil and gas company is planning to list in Toronto by the end of 2012 and to have stock traded in New York by 2015, Chief Executive Officer Marcio Mello said yesterday in an interview. HRT jumped 4.1 percent to 1,780 reais.

Petroleo Brasileiro SA (PETR4 BS): The state-controlled oil company said output of oil and natural-gas equivalent rose to 2.73 million barrels a day in Brazil and abroad in December from 2.62 million barrels a day the previous month, Petrobras said in an e-mailed statement. Petrobras slipped 0.2 percent to 27 reais, extending its slump to four days.

Chile

Pesquera Itata SA (ITATA CI): The controlling shareholders of Pesquera Itata and Pesquera El Golfo SA agreed to combine their Chilean fishing operations within six months. The combined company will generate $400 million in annual sales, according to a statement posted on the Chilean securities regulator’s website. The shares were unchanged at 373 pesos.

Sonda SA (SONDA CI): Chile’s largest information technology company reported full-year profit of 33.5 billion pesos ($68 million) last year, compared with 31.5 billion pesos in 2009, according to data posted on the website of Chile’s securities regulator. It didn’t give separate fourth-quarter results. Sonda gained 1 percent to 1,250 pesos.

Mexico

U.S.-related companies: The Conference Board’s confidence index of U.S. consumers probably rose to 54.0 this month from 52.5 in December, according to the median estimate of economists surveyed by Bloomberg News before the data’s release today.

Alfa SAB (ALFAA MM), the world’s largest producer of aluminum engine heads, gained 2.2 percent to 135.05 pesos. Cemex SAB (CEMEXCPO MM), the largest cement maker in the Americas, jumped 4.5 percent to 12.74 pesos.

Embotelladoras Arca SAB (ARCA* MM): The second-largest Coca-Cola bottler in Mexico agreed to merge with Grupo Continental SAB (CONTAL* MM) in a 27.7 billion-peso ($2.3 billion) stock transaction, the companies said in a statement. Arca was little changed, adding 0.02 percent to 59.06 pesos. Grupo Continental advanced 1.9 percent to 37.70 pesos.

Gruma SAB (GRUMAB MM): Mexico’s largest maker of corn flour for tortillas had its debt rating placed on review for a possible upgrade by Standard & Poor’s. Gruma’s rating of “B+” is under special review with positive implications after the company announced plans to sell shares of Grupo Financiero Banorte SAB, S&P said in a statement. Gruma extended its rally to three days, gaining 2.4 percent to 26.80 pesos.

Vitro SAB (VITROA MM): The Mexican glassmaker agreed to withdraw its New York bankruptcy petition following a Mexican judge’s ruling dismissing the company’s bankruptcy proceeding in that country, according to a court filing. Vitro rose 1.1 percent to 14.10 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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