Dec. 12 (Bloomberg) -- The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of the close of trading. Preferred shares are usually the most-traded class of stock.
The Bovespa Index dropped 1.5 percent to 57,346.86.
Cia. Energetica de Minas Gerais (CMIG4 BS) advanced 3 percent to 30.65 reais. The state-controlled electricity utility known as Cemig said its board declared 850 million reais ($461 million) in extraordinary dividends, according to a regulatory filing Dec. 9. The company also said in a separate statement it made a binding offer for a stake in EDP-Energias de Portugal SA that the Portuguese government is selling.
Oil companies Petroleo Brasileiro SA (PETR4 BS) fell 2.6 percent to 22.42 reais, and OGX Petroleo & Gas Participacoes SA slid 1.4 percent to 14.40 reais. Crude declined as Moody’s Investors Service said it will review the credit ratings of all European Union countries and China’s export growth slowed to the weakest pace since 2009.
Suzano Papel & Celulose SA (SUZB5 BS) fell 0.6 percent to 7.15 reais, and Fibria Celulose SA (FIBR3 BS) slid 0.4 percent to 13.45 reais. The Brazilian pulp producers were lowered to “underperform” at Banco Santander SA, which cited concern about the companies’ debt outlook.
Universo Online SA (UOLL4 BS) rose 0.5 percent to 19.35 reais. Banco BTG Pactual SA, the Brazilian bank founded by billionaire Andre Esteves, may buy a 40 percent stake in the Internet and information technology company known as UOL, Exame reported on its website, without saying where it obtained the information.
--Editors: Brendan Walsh, Glenn J. Kalinoski
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