Brazilian Stocks: LLX Logistica, PDG Realty, Positivo Are Active
The following companies are having unusual price changes in Sao Paulo trading. Stock symbols are in parentheses, and prices are as of 1:56 p.m. local time. Preferred shares are usually the most-traded class of stock.
The Bovespa (IBOV) Index rose 1.8 percent to 55,415.32.
PDG Realty SA Empreendimentos e Participacoes (PDGR3 BS), Brazil’s biggest homebuilder, rose 9.7 percent to 3.95 reais after saying in a regulatory filing that Vinci Partners Investimentos Ltda. offered to invest 800 million reais ($404 million) in the company by issuing warrants that may be convertible into shares and bonds. The offer amounts to 4.02 reais per share, according to the statement.
Positivo Informatica SA (POSI3) (POSI3 BS), Brazil’s biggest computer maker, rose 4.3 percent to 5.80 reais, the biggest gain in a month on a closing basis. Lenovo Group Ltd. (992) may set up a computer production facility in the country to avoid import tariffs, Milko Van Duijl, the company’s president of Asia and Latin America, said in a Wall Street Journal interview.
LLX Logistica SA (LLXL3) (LLXL3 BS), the logistics unit of billionaire Eike Batista’s group, rose 3.8 percent to 2.45 reais after saying in a regulatory filing that it leased an area at its Acu port to Subsea 7 do Brasil Servicos Ltda. The contract represents annual revenue of about 21 million reais during the next 10 years.
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