BM&FBOVESPA SA – Bolsa de Valores Mercadorias eFuturos said April 5 that it acquired an equity stake of about 4.1%in Mexican stock exchange Bolsa Mexicana de Valores SAB de CV with an investmentof 640 million Mexican pesos.
The Brazilian stock exchange operator
In November 2015, BM&FBOVESPA CEO Edemir Pinto said thecompany is looking to acquire stakes in the stock exchanges of Peru, Colombia,Argentina and Mexico.
Earlier in 2016, the firm submitted a second merger proposalto Cetip SA – MercadosOrganizados, but like the first offer, it too was rejected by Cetip's board.
As of April 5, US$1was equivalent to 17.74 Mexican pesos.