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Brazilian Stock Movers: Banco do Brasil, BicBanco, JSL, SLC

The following companies are having unusual (IBOV) price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 12:21 p.m. local time. Preferred shares are usually the most-traded class of stock.

The Bovespa index fell 0.6 percent to 56,533.25.

Banco do Brasil SA (BBAS3 BS), Latin America’s biggest bank by assets, advanced 2.1 percent to 23.39 reais. Brazilian outstanding bank lending rose at the second-fastest pace of the year in November, the central bank said today in a report. Outstanding credit rose 1.9 percent from October to 1.98 trillion reais ($1.07 trillion), according to the report.

Banco Industrial e Comercial SA (BICB4 BS), the Sao Paulo- based lender known as BicBanco, rose 1.9 percent to 7.64 reais. Portuguese lender Banco Comercial Portugues SA and Angolan partner Banco Privado Atlantico SA are analyzing various small Brazilian banks as they consider making an acquisition, Diario Economico reported, citing an unidentified person.

JSL SA (JSLG3 BS) fell 2.2 percent to 7.71 reais. The Brazilian transportation company may acquire some Marfrig Alimentos SA (MRFG3 BS) assets valued at 150 million reais as part of an agreement to transfer management of the beef producer’s logistics operations in Brazil to JSL for 10 years, according to a regulatory filing. Marfrig was little changed at 8.40 reais.

SLC Agricola SA (SLCE3 BS) fell 2 percent to 14.95 reais. The agriculture company paid 67 million reais for an area of land covering 19,880 hectares in the city of Formosa do Rio Preto in the Brazilian state of Bahia, according to a regulatory filing.

To contact the reporter on this story: Alexander Cuadros in Sao Paulo at

To contact the editor responsible for this story: David Papadopoulos at

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