The Morgan Stanley Capital International index of Latin American shares gained 1.2 percent to 4,616.41 yesterday. Markets in Chile and Peru are closed for a holiday today.
In Brazil, preferred shares are the most commonly traded class of stock.
Argentina
Empresa Distribuidora y Comercializadora Norte SA (EDN AF): The Buenos Aires-based electricity distributor, known as Edenor, said it will buy back notes due 2014 valued at $34.7 million. The company will also buy back $3.45 million in notes due 2016, it said in a regulatory filing after the close of trading yesterday. Shares rose 3 centavos, or 0.8 percent, to 3.94 pesos.
Quickfood SA (PATY AF): Controlling shareholders in Argentina's largest meatpacker agreed to sell 70.5 percent of the company's stock for $130 million to $140 million to an undisclosed buyer, Quickfood wrote in a regulatory filing yesterday. Brazil's second-biggest meatpacker Marfrig Frigorificos e Comercio de Alimentos SA said in a filing to Brazil's securities regulator it is considering buying a 70.5 percent stake in Quickfood. Shares rose 90 centavos, or 5.4 percent, to 17.6 pesos.
Brazil
EDP Energias do Brasil SA (ENBR3 BS): Third-quarter earnings at the Brazilian unit of Portugal's biggest power company signal that Energias do Brasil is ``beginning a turnaround'' in revenue after a slowdown in growth during the second quarter, Ativa Corretora analyst Monica Araujo wrote in a report e-mailed yesterday. The Sao Paulo-based company fell 52 centavos, or 1.8 percent, to 27.98 reais.
Industrias Romi SA (ROMI3 BS): The Santa Barbara d'Oeste, Brazil-based machine-toolmaker reported better margins on third- quarter earnings before interest, taxes, depreciation and amortization due to financial returns from money raised in an April share sale and a reduction in tax rates, Banco do Brasil Investimentos analyst Luis Claudio Tavares wrote in a note e- mailed yesterday. Romi gained 78 centavos, or 3.6 percent, to 22.35 reais.
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