The following companies are having unusual price changes in Sao Paulo trading. Stock symbols are in parentheses, and prices are as of 3:10 p.m. local time. Preferred shares are usually the most-traded class of stock.
The Bovespa (IBOV) Index rose 0.1 percent to 54,428.42.
Cielo SA (CIEL3) (CIEL3 BS), Brazil’s biggest card-payment processor, fell 0.7 percent to 58.67 reais after earlier declining as much as 2.3 percent. The company said in a regulatory filing today that it agreed to buy Merchant e- Solutions for $670 million to expand in the U.S.
Cia. de Saneamento de Minas Gerais (CSMG3 BS) fell 1 percent to 43.08 reais. Brazil’s third-biggest water utility by market capitalization was cut to the equivalent of sell from neutral at Bradesco Corretora by analysts Vladimir Pinto and Marcelo Sá, who cited a regulatory review of the company’s rates for which no timetable has been set.
Cosan SA Industria e Comercio (CSAN3 BS), a renewable energy and infrastructure company, dropped 0.7 percent to 30.79 reais after paring an earlier drop of as much as 3.1 percent. Subsidiary Raizen, a joint venture between Cosan, Royal Dutch Shell PLC (RDSA) and BASF SE, is required to deposit 1 billion reais ($504 million) in court until a decision on a lawsuit related to toxic material at its Paulinia plant, according to a regulatory filing today.
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