Brazilian Stock Movers: Brasil Foods, Gol Linhas, JBS, Marfrig
The following companies had unusual (IBOV) 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 2.1 percent to 57,455.02.
Gol Linhas Aereas Inteligentes SA (GOLL4 BS) fell 3 percent to 15.04 reais. Brazil’s second-biggest airline by market value paid a 20 million reais ($11 million) deposit to Passaredo Linhas Aereas Ltda as part of negotiations to acquire the company, O Globo reported, citing unidentified people in the market.
Marfrig Alimentos SA (MRFG3 BS) gained 3.2 percent to 8.49 reais while BRF Brasil Foods SA (BRFS3) slipped 2.5 percent to 36.90 reais. Marfrig, Latin America’s second-largest beef producer, agreed to take control of the assets that Brasil Foods was ordered to sell by Brazil’s antitrust regulator in July. Marfrig will transfer its Argentine assets, commercial operations in Uruguay and Chile and a feedlot in Brazil’s Mato Grosso state, plus an additional payment of 200 million reais, the companies said today in regulatory filings.
JBS SA (JBSS3 BS), the world’s biggest beef producer, fell 6.7 percent to 5.69 reais.
To contact the reporter on this story: Alexander Cuadros in Sao Paulo at firstname.lastname@example.org
To contact the editor responsible for this story: David Papadopoulos at email@example.com