Cemex, Embratel, Minerva, Totvs: Latin America Equity Preview

The following companies may have unusual price changes in Latin American trading. Stock symbols are in parentheses and share prices reflect the previous close.

The MSCI Latin America Index snapped a three-day slump, advancing 0.7 percent to 4,635.47.


Embratel Participacoes SA (EBTP4 BS): The telecommunications company controlled by Mexican billionaire Carlos Slim disclosed that it now holds 92.3 percent of Net Servicos de Comunicacao SA’s preferred shares, according to a regulatory filing. Embratel slipped 0.7 percent to 9.35 reais. Net (NETC4 BS) added 0.2 percent to 21.99 reais.

Minerva SA (BEEF3 BS): The Brazilian meatpacker entered into a contract to buy the Uruguay-based PULSA SA meat processing plant for $65 million, according to a regulatory filing. Minerva will pay $14 million of the price by transferring 2.7 million shares at 8.57 reais each. Minerva shares were unchanged at 6.89 reais.

Totvs SA (TOTS3 BS): Latin America’s biggest maker of business-management software said BlackRock Inc. owns 5 percent of the company’s social capital, according to a regulatory filing. The stock climbed 3.8 percent to 179.50 reais.


Industrials: Homebuilding probably fell last month in the U.S., Mexico’s biggest export market, according to the median estimate of 69 economists surveyed by Bloomberg News before Commerce Department data today. Builders began work on 550,000 houses at an annual rate, down 0.9 percent from November, according to the survey.

Cemex SAB (CEMEXCPO MM), the largest cement maker in the Americas, dropped 1.6 percent to 12.35 pesos. Industrias CH SAB (ICHB MM), the largest Mexican steelmaker, declined 0.5 percent to 47.75 pesos.

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