Brazilian Stock Movers: Cielo, Copasa and Cosan Were Active

The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses, and prices are as of the market close. Preferred shares are usually the most-traded class of stock.

The Bovespa (IBOV) Index rose 0.6 percent to 54,692.79.

Cielo SA (CIEL3) (CIEL3 BS), Brazil’s biggest card-payment processor, fell 0.6 percent to 58.70 reais. The company said in a regulatory filing today that it agreed to buy Merchant e- Solutions for $670 million to expand in the U.S.

Cia. de Saneamento de Minas Gerais (CSMG3 BS) rose 0.9 percent to 43.90 reais. Brazil’s third-biggest water utility by market capitalization was cut to the equivalent of sell from neutral at Bradesco Corretora by analysts Vladimir Pinto and Marcelo Sá, who cited a regulatory review of the company’s rates for which no timetable has been set.

Cosan SA Industria e Comercio (CSAN3 BS), a renewable energy and infrastructure company, dropped 0.2 percent to 30.92 reais after paring an earlier drop of as much as 3.1 percent. Subsidiary Raizen, a joint venture between Cosan, Royal Dutch Shell PLC (RDSA) and BASF SE, is required to deposit 1 billion reais ($504 million) in court until a decision on a lawsuit related to toxic material at its Paulinia plant, according to a regulatory filing today.

To contact the reporter on this story: Denyse Godoy in Sao Paulo at dgodoy2@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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