Dec. 15 (Bloomberg) -- The following companies are having unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 12:48 p.m. local time. Preferred shares are usually the most-traded class of stock.
The Bovespa Index climbed 1 percent to 57,230.45.
Gol Linhas Aereas Inteligentes SA (GOLL4 BS) gained 1.8 percent to 14.69 reais. Brazil’s second-largest airline by market value is the “main winner” from the tie-up between Brazilian rival Tam SA and Chilean Lan Airlines SA, Barclays Plc analyst Daniel Spilberg wrote in a research note today. Tam, whose deal with Lan was approved by Brazil’s antitrust regulator yesterday, will probably focus on the international market after the merger, easing competition for Gol on the domestic segment, Spilberg said.
Lupatech SA (LUPA3 BS) surged 7.9 percent to 4.92 reais. Hidro Jet Equipamentos Hidraulicos Ltda. offered to buy Lupatech’s Microinox-Fundicao Precisao e Usinagem Ltda. unit for 30 million reais ($16 million), Lupatech said in a regulatory filing yesterday.
Paranapanema SA (PMAM3 BS) gained 5.1 percent to 3.30 reais. The company’s board approved a plan to list the Brazilian copper smelter in Bovespa’s Novo Mercado, a segment of the country’s stock exchange with stricter requirements for disclosure.
--Editors: Richard Richtmyer, Brendan Walsh
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