Bancolombia, Lamosa, Telmex: 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 0.4 percent to 3,740.74.

Brazil

BR Properties SA (BRPR3) (BRPR3 BS): Banco BTG Pactual SA, whose chief executive officer is billionaire Andre Esteves, and BR Properties agreed to merge their real-estate assets in an all- share transaction. BR Properties, a Brazilian property developer, will incorporate the real estate assets of BTG and the bank’s WTorre Properties SA unit, BTG said in an e-mailed statement yesterday. The shares fell 2.2 percent to 17.25 reais.

Tim Participacoes SA (TCSL4) (TIMP3 BS): Telecom Italia SpA said it will underwrite a planned capital increase by Tim Participacoes through its Tim Brasil subholding. The exact amount of the capital increase will be determined after bids are received, Telecom Italia said. The stock added 1.5 percent to 9.04 reais.

Colombia

Bancolombia SA (BCOLO) : Leasing Bancolombia SA, the leasing arm of Colombia’s biggest lender, sold 400 billion pesos ($219 million) worth of bonds in the local market, the stock exchange said in an e-mailed statement. The stock climbed 1.1 percent to 28,600 pesos.

Mexico

Grupo Lamosa SAB (LAMOSA* MM): The company said it refinanced $605 million of debt. Grupo Lamosa estimates it will save $3.1 million annually with the refinancing, according to a statement to Mexico’s stock exchange. The stock rose 0.1 percent to 16.20 pesos.

Telefonos de Mexico SAB (TELMEXL MM): Mexico’s largest fixed-line telephone company said the offer by America Movil SAB (AMXL MM) to purchase as much as the entirety of its outstanding shares is “fair” for the company’s shareholders. Board members will participate in the offer, Telmex said in statement to the Mexican stock exchange. Telmex shares rose 0.2 percent to 10.54 pesos. America Movil shares gained 3.3 percent to 15.51 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 papadopoulos@bloomberg.net

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