Bloomberg News

Chilean Stocks: Azul Azul, Cencosud, Corpbanca and Vapores

December 09, 2011

Dec. 9 (Bloomberg) -- The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of the close in Santiago.

The Ipsa index rose 0.7 percent to 4,184.15. The MSCI Chile index gained 0.7 percent to 2,311.46. Local markets were closed for a holiday yesterday.

Azul Azul SA (AZUL CC) advanced 2.1 percent to 1,990 pesos, its third day of gains. The owner of the Universidad de Chile soccer team rose after winning yesterday the first leg of the Sudamericana tournament finals.

Cencosud SA (CENCOSUD CC) increased 0.2 percent to 3,100.2 pesos. Chile’s largest retailer by sales said it agreed to pay 32.6 billion pesos ($63.8 million) for 86 percent of department store operator Johnson’s, in a deal first announced in October.

Cia. Sudamericana de Vapores SA (VAPORES CC) fell 3.5 percent to 110.95 pesos, its lowest closing price since at least 1994, when Bloomberg records began. Latin America’s largest container shipping company announced it will sell 5.87 billion new shares at 20.45 U.S. cents or 104 pesos each.

Corpbanca (CORPBANC CC) rose 2.2 percent to 6.97 pesos. The Chilean lender has gained 5.2 percent in the past two sessions after announcing Dec. 6 the acquisition of Banco Santander SA’s Colombian operations.

--Editors: Brendan Walsh, Richard Richtmyer

To contact the reporter on this story: Eduardo Thomson in Santiago at ethomson1@bloomberg.net

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


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