Banco do Brasil, Cetip, Cielo, Petrobras: Brazilian Stocks

The following companies are having unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 9:45 a.m. New York time. Preferred shares are usually the most-traded class of stock.

The Bovespa stock index increased 0.4 percent to 69,608.32.

Banco do Brasil SA (BBAS3 BS) gained 1 percent to 34.12 reais. Latin America’s biggest bank by assets may complete the purchase of a 10 percent stake in Santiago-based lender Corpbanca by the end of the first quarter next year, Corpbanca Chief Executive Officer Mario Chamorro told Diario Financiero in an interview published today.

Cetip SA - Balcao Organizado de Ativos & Derivativos (CTIP3 BS) surged 7.2 percent to 21.97 reais, a record. Brazil’s biggest clearinghouse said yesterday in a regulatory filing it will buy GRV Solutions SA, a provider of credit-risk management services, for 2 billion reais ($1.18 billion).

Cielo SA (CIEL3 BS), Brazil’s biggest card-payment processor by market value, climbed 1.2 percent to 15.18 reais. Brazil’s Senate approved late yesterday a bill to create a record for Brazilian consumers, according to the Senate’s news agency. The bill will allow “financial institutions to monitor consumers’ debt levels” and may reduce the interest rates banks charge clients.

Petroleo Brasileiro SA (PETR4 BS), Brazil’s state-controlled oil company, rose 1 percent to 25.52 reais. Brazil’s lower house of congress approved new oil regulations yesterday that will increase government control over the energy industry and reduce competition against Petrobras.

Redecard SA (RDCD3 BS) declined 0.8 percent to 22.8 reais. Brazil’s second-biggest card-payment processor by market value said Sadia SA Chairman Luiz Fernando Furlan and Jose Francisco Canepa resigned from the board, according to a regulatory filing.

Vale SA (VALE5 BS) gained 0.6 percent to 49.51 reais. The world’s biggest iron ore exporter applied to list depositary receipts in Hong Kong by way of introduction, according to a statement from the company to the city’s stock exchange.

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