Bloomberg News

Colombian Stock Movers: Avianca Taca Holding, Pacific Rubiales

November 25, 2011

Nov. 25 (Bloomberg) -- The following companies are having unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 9:55 a.m. local time.

The IGBC Index was little changed at 12,168.19, while the Colcap Index was little changed at 1,492.76.

Avianca Taca Holding SA (PFAVTA CB), the owner of Colombia’s largest airline, rose 1.5 percent, the most on an intraday basis in two weeks, to 3,450 pesos. The company said the number of passengers in October increased 17 percent from a year ago to 1.78 million, according to an e-mailed statement yesterday.

Pacific Rubiales Energy Corp. (PREC CB), the Toronto-based oil producer that operates fields in Colombia, rose 0.8 percent to 36,680 pesos.

PetroMagdalena Energy Corp., a Toronto-based oil and gas company with operations in Colombia, said it has reached an agreement to acquire an additional 32.5 percent stake in the Arrendajo block in Colombia’s Llanos basin from a Rubiales subsidiary, according to a statement yesterday on PetroMagdalena’s website.

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

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


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