Bloomberg News

Brazilian Stock Movers: Embraer, Gol and Tereos Internacional

July 11, 2012

The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses, and prices are as of the market close. Preferred shares are usually the most-traded class of stock.

The Bovespa (IBOV) Index fell 0.3 percent to 53,569.14.

Embraer SA (EMBR3 BZ), the Brazilian aircraft manufacturer, plunged 7.3 percent to 11.87 reais. The company said in a regulatory filing yesterday that its orders backlog totaled $12.9 billion on June 30. The backlog was $15.4 billion in the fourth quarter of 2011 and $14.7 billion in the first quarter of 2012, according to Embraer’s website.

Gol Linhas Aereas Inteligentes SA (GOLL4) (GOLL4 BZ) gained 1.8 percent to 8.29 reais after earlier rising as much as 4.1 percent. The second-biggest Brazilian airline said in a regulatory filing today it is starting direct flights from Sao Paulo’s Guarulhos International Airport to Montevideo, Uruguay, Asuncion, Paraguay, and Santa Cruz de La Sierra, Bolivia, as part of its international operations restructuring plan.

Tereos Internacional SA (TERI3) (TERI3 BZ) rose 5 percent to 2.54 reais, the most since Feb. 1. Brazil’s third-largest sugar and ethanol producer by market value said in a regulatory filing that it concluded a reorganization transferring 19.7 percent of its shares to 11 cereal cooperatives.

To contact the reporter on this story: Denyse Godoy in Sao Paulo at dgodoy2@bloomberg.net

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


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