Bloomberg News

Colombian Stock Movers: Avianca Taca Holding, Almacenes Exito

September 28, 2011

Sept. 28 (Bloomberg) -- The following companies had unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 4 p.m. New York time.

The IGBC Index fell 0.7 percent to 12,878.30 while the Colcap Index declined 0.4 percent to 1,586.55.

Almacenes Exito SA (EXITO CB), Colombia’s biggest publicly traded retailer, rose 0.4 percent to 22,900 pesos. The company said yesterday it sold 2.5 trillion pesos ($1.3 billion) worth of shares. Exito had orders for 196.05 million shares and sold 114.27 million, the company said in a regulatory filing yesterday.

Avianca Taca Holding SA (PFAVTA CB), the owner of Colombia’s largest airline, rose 1.6 percent to 4,575 pesos.

The company will pay about $500 million for four Airbus SAS cargo planes as the owner of Colombia’s largest airline by sales positions itself for a U.S. approval of a free trade accord with the South American nation, Chief Executive Officer Fabio Villegas told reporters yesterday.

--Editors: Marie-France Han, Glenn J. Kalinoski

EXITO CB PFAVTA CB

To contact the reporter on this story: Blake Schmidt in Bogota at bschmidt16@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus