Colombian Stocks: Helm Bank, Pacific Rubiales, Canacol Energy
Stock Chart for Helm Bank SA (PFBHELMB)
The following companies had unusual price changes in Bogota trading. Stock symbols are in parentheses, and prices are as of the close of trade.
Helm Bank SA (PFBHELM) (PFBHELMB CB) jumped 15 percent to a record 531 pesos. The shares have surged on speculation the Colombian lender will be acquired after its controlling shareholder hired an investment bank to study options for its stake in the company.
Helm Corp., the holding company that controls Helm Bank, said in a filing yesterday that it hired Inverlink SA to “advise in the analysis of business alternatives for its investment” in the lender.
Oil producers rose following an increase in crude prices after the U.S. Energy Department said that fuel stockpiles declined and as a European Central Bank official signaled policy makers may act to stem the spread of the region’s debt crisis.
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