May 24 (Bloomberg) -- The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses, and prices are as of the close. Preferred shares are usually the most-traded class of stock.
The Bovespa Index fell 1 percent to 54,063.
Banco Santander Brasil SA (SANB11 BS) dropped 4.9 percent to 15.80 reais, the most in six weeks. Newspaper O Estado de S. Paulo reported today that President Dilma Rousseff blocked a purchase of a minority stake by Banco do Brasil SA. The president blocked the deal to avoid more concentration in the banking industry, Estado reported, without saying where it got the information. Banco do Brasil and Banco Santander Brasil’s press offices declined to comment. Rousseff’s press office didn’t immediately respond to a request for comment. Banco do Brasil (BBAS3 BS) gained 0.5 percent to 20.62 reais.
Via Varejo SA (VVAR3 BS), a Brazilian retailer of household appliances and electronics, fell 4 percent to 19.20 reais, the lowest in three months. Brazil’s billionaire Klein family hired Citigroup Inc. and Arion Capital to advise on a plan to buy out Cia. Brasileira de Distribuicao Grupo Pao de Acucar’s stake in the company for as much as 3.5 billion reais ($1.7 billion), two people familiar with the matter said. Samuel Klein and his son Michael have a 47 percent stake in Sao Caetano do Sul-based Via Varejo.
LLX Logistica SA (LLXL3 BS) fell 0.4 percent to 2.36 reais, after earlier climbing as much as 4.2 percent and dropping as much as 3.8 percent. The logistics unit of billionaire Eike Batista’s group said Flexibras Tubos Flexiveis Ltda., or Technip Brasil, received an environmental license to build a plant at its Acu port complex in the Brazilian state of Rio de Janeiro. The factory is expected to start operations in 2013, LLX said in a regulatory filing today.
Cia. Energetica do Ceara (COCE3 BS) fell 0.6 percent to 32.68 reais. The Brazilian power distributor controlled by Endesa SA said its board authorized the company, known as Coelce, to get a loan of as much as 310 million reais from Brazil’s state-controlled development bank, BNDES.
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