Finance / Brazil
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Bovespa To Merge With Derivatives Peer
February 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Brazil's Bovespa Holding SA, the parent of the São Paulo Stock Exchange, and its derivatives counterpart Bolsa de Mercadorias & Futuros (BM&F), have announced exclusive talks for a potential merger of the two exchanges. Both exchanges, which became listed on the São Paulo Stock Exchange in late 2007, combined would create a regional giant marketplace for investors to trade stocks, futures and currencies. The move highlights the latest in a series of consolidations among stock exchanges to capitalise on increased cost effectiveness and lower tax and benefit payments, and reflects a growing global trend in merging equities and derivatives exchanges,