Merger will create Latin America’s largest bourse, valued at £7.8bn
Brazilian exchange operator
BMF&Bovespa and clearing house Cetip have confirmed the
details of their £2.35 billion merger, following weeks of
speculation that a deal was soon to be announced.
BMF&Bovespa will pay Cetip
shareholders 0.8991 of a share in BMF&Bovespa as well as a
cash portion of 30.75 Brazilian reais (around £6). The
transaction is valued at almost 12 billion reais (£2.35
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