Two Brazilian exchanges receive approval for merger
Brazil’s antitrust regulator, the Administrative Council for Economic Defense, has approved a merger between São Paulo Stock Exchange operator BM&FBovespa and financial market integrator Cetip SA Mercados Organizados. The deal values Cetip at around $3.8bn.
By Matthew Perlman (March 23, 2017, 2:30 PM EDT) -- São Paulo Stock Exchange operator BM&FBovespa SA said Wednesday its planned merger with Cetip SA Mercados Organizados, in a deal that values Cetip at around 12 billion Brazilian reais ($3.8 billion), was greenlighted by Brazil's antitrust regulator with no additional remedies....

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