Cemex, HRT, MPX, Petrobras, 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 rose 0.8 percent to 4,443.66.

Brazil

Cia. Brasileira de Distribuicao Grupo Pao de Acucar (PCAR5 BS): Brazil’s largest retailer plans to raise 1.5 billion reais ($900 million) selling shares in its e-commerce and electronics units, Veja magazine reported Feb. 26, without saying where it got the information. The stock fell 0.3 percent to 61.31 reais.

HRT Participacoes em Petroleo SA (HRTP3 BS): The Feb. 25 retreat in the Brazilian oil and gas company’s shares is unjustified because its acquisition of UNX Energy Corp. bolsters HRT’s presence in Namibia, the African country with the “best” business prospects, Chief Executive Officer Marcio Mello said in an interview. HRT dropped 2.2 percent to 1,800 reais.

MPX Energia SA (MPXE3 BS): The power company controlled by Brazilian billionaire Eike Batista will invest about $1 billion over the next 3 to 3 1/2 years to build a port and the initial plant for a power project in northern Chile, the company’s Chief Executive Officer Eduardo Karrer said in a telephone interview from Rio de Janeiro. The shares jumped 4.4 percent to 34.80 reais.

Petroleo Brasileiro SA (PETR4 BS): The world’s third- largest oil company by market value said its fourth-quarter profit increased 38 percent to a record 10.6 billion reais, the Brazilian state-run company said in a statement. Petrobras added 0.8 percent to 28.60 reais.

Porto Seguro SA (PSSA3 BS): Brazil’s biggest insurance company by market value said profit rose 96 percent to 623.4 million reais last year, according to a regulatory filing. The shares slipped 0.2 percent to 26.45 reais.

Vale SA (VALE5 BS): The iron-ore producer is interested in offering shares on Shanghai’s stock exchange when China allows stock listings by foreign companies, the Hong Kong Economic Times reported, citing Chief Financial Officer Guilherme Cavalcanti. Vale was little changed at 49.26 reais.

Mexico

Cemex SAB (CEMEXCPO MM): The largest cement maker in the Americas said an institutional investor agreed to exchange 119.4 million euros ($164 million) in perpetual bonds into U.S. bonds with a coupon of 9.25 percent due 2020. The exchange will reduce Cemex’s financing costs by $41 million, the company said in a statement. Cemex advanced 1.1 percent to 10.98 pesos.

Organizacion Soriana SAB (SORIANAB MM): Mexico’s second- largest grocery store chain said it plans to invest 3.8 billion pesos ($313.5 million) in 2011. The company will open 50 stores in Mexico this year, according to a statement sent to the Mexican stock exchange. The shares retreated 0.6 percent to 40 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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