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Brazilian Stock Movers: Cosan, Fibria Celulose, M. Dias Branco

Dec. 26 (Bloomberg) -- The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of the close of trading. Preferred shares are usually the most-traded class of stock.

The Bovespa Index slid 0.1 percent to 57,669.48.

Cosan SA Industria e Comercio (CSAN3 BS) added 1.3 percent to 27.06 reais. The sugar-cane processor rose after the Brazilian government said state-controlled lenders will offer subsidized loans for ethanol stockpiling to reduce price volatility and help stabilize the offer of the biofuel, according to a presidential decree published today in the official gazette.

Fibria Celulose SA (FIBR3 BS) fell 1.1 percent to 14.29 reais. The world’s largest pulp producer said in a regulatory filing banks allowing it to exceed debt caps agreed on 2.5 billion reais ($1.35 billion) of loans without paying a waiver fee or higher rates after a declining real boosted foreign obligations.

M. Dias Branco (MDIA3 BS) was unchanged at 46.80 reais after earlier rising as much as 1.5 percent. The Brazilian maker of cookies and pasta said it bought Pelagio Participacoes SA and J. Brandao Comercio e Industria Ltda. for 240 million reais, according to a regulatory filing. The acquired companies produce and sell cookies, pasta and snacks under the Estrela, Pelaggio and Salsito brands, the filing said.

To contact the reporter on this story: Ney Hayashi in Sao Paulo at

To contact the editor responsible for this story: David Papadopoulos in New York at

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