UN Unilever NV

International stocks trading in New York closed mostly lower Wednesday.

The BNY Mellon index of American depositary receipts edged down 0.3% to 123.71. The European index eased 0.3% to 122.49, the Asian index fell 0.5% to 131.66, the Latin American index rose 1% to 167.13 and the emerging markets index dropped 0.2% to 226.36.

Alibaba Group Holding Ltd. (BABA) was among the companies with ADRs that traded actively.

SoftBank Group Corp. of Japan said Tuesday it would sell at least $7.9 billion of its shares in Chinese e-commerce giant Alibaba Group Holding Ltd. (BABA) to pare its debt as it struggles to integrate and revive Sprint Corp., the U.S. wireless company it acquired three years ago. Alibaba's ADRs fell 6.5% to $76.69.

Brazilian private-sector lender Banco Bradesco SA (BBD, BBDO, BBDC4.BR) is planning to hire criminal lawyers to defend three top executives accused of corruption-related offenses, The Wall Street Journal reported. Preferred ADRs rose 2.9% to $6.95 Wednesday after declining 5.6% on Tuesday.

Coca-Cola Co. is making its first foray into soy as the soda company widens its diversification drive, teaming up with a Mexican bottling partner to acquire Unilever's Latin American soy beverage business for $575 million. Atlanta-based Coke and Mexico's Coca-Cola Femsa SAB (KOF, KOF.MX) will each own 50% of AdeS, Latin America's leading nondairy milk alternative brand. AdeS, which sells soy milk and soy with fruit drinks, had $284 million in revenue last year. ADRs of Coca-Cola Femsa fell 1.6% to $78.98. ADRs of Unilever NV (UN, UNA.AE)increased 1.3% to $45.34 and Unilever PLC (UL, ULVR.LN) edged up 33 cents to $45.89.

Write to Tess Stynes at tess.stynes@wsj.com

(END) Dow Jones Newswires

June 01, 2016 18:36 ET (22:36 GMT)

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