America Movil, Marfrig, 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 0.1 percent to 4,377.18. Mexico’s stock exchange was closed yesterday for a national holiday.
Marfrig Alimentos SA (MRFG3 BS): Brazil’s second-biggest beef producer approved the use of as much as 100 million reais ($59.5 million) to buy back as many as 5.8 million shares, according to a regulatory filing. Marfrig slipped 0.2 percent to 13.74 reais.
Multiplan Empreendimentos Imobiliarios SA (MULT3 BS): The shopping-mall owner plans to invest an estimated 444 million reais in two commercial towers in Sao Paulo. The company will own the entire project and inauguration is expected in the second half of 2013, according to a regulatory filing. The shares gained 2 percent to 31.02 reais.
Petroleo Brasileiro SA (PETR4 BS): The state-controlled oil company said production on its P-50 platform in Brazil’s Campos Basin has returned to normal following a gas leak yesterday, according to an e-mailed statement. The stock fell 1.4 percent to 27.22 reais.
Ecopetrol SA (ECOPETL CB): Colombia’s state-run oil company received $1 billion in financing from the U.S. Export-Import Bank, the government-backed lender said. The shares increased 0.4 percent to 3,930 pesos.
America Movil SAB (AMXL MM): The wireless carrier controlled by billionaire Carlos Slim said it will reimburse Mexico City users the equivalent of more than 650 million pesos ($54 million) in wireless minutes after identifying the source of interference on its third-generation wireless network, according to a Feb. 4 e-mailed statement. The stock fell 1.7 percent to 34.54 pesos.
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