International stocks trading in New York closed lower on Wednesday.
The S&P/BNY Mellon index of American depositary receipts declined 0.8% to 164.63. The European index fell 1.1% to 146.97. The Asian index declined 0.5% to 220.87. The Latin American index dropped 0.3% to 177.97. And the emerging-markets index fell 0.5% to 364.84.
BP PLC was among those whose ADRs traded actively.
BP PLC and Aker ASA said Wednesday they were mulling the sale of some of their shares in Norwegian oil-and-gas producer Aker BP ASA. BP and Aker currently control around 30% and 40% of the shares outstanding in Aker BP, and they are thinking about selling shares representing around 5% of Aker BP shares via an accelerated bookbuild process. BP is looking to sell shares representing around 2.1% of Aker BP's outstanding shares, and Aker selling shares representing around 2.9%. "If the sale is completed, the free float in Aker BP will increase from 30% to 35%," BP said. BP ADRs closed 1.6% lower at $27.42.
Brazil's JBS SA, the world's largest meat processor, said Wednesday its third-quarter profit increased as sales jumped and the stronger dollar boosted revenue from the company's U.S. units. JBS-sponsored ADRs, which trade in the U.S. over the counter, closed 0.1% higher at $13.87.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
11-10-21 1921ET
