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Boards of Brazil BM&F, Bovespa exchanges OK tie-up

Tue Mar 25, 2008 10:29pm EDT
 
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SAO PAULO, March 25 (Reuters) - The boards of Brazil's BM&F commodities and futures exchange (BMEF3.SA: Quote, Profile, Research, Stock Buzz) and the Bovespa stock exchange (BOVH3.SA: Quote, Profile, Research, Stock Buzz) said on Tuesday they had approved the merger of the firms.

The proposed merger will now be put before the companies shareholders.

(Reporting by Daniela Machado and Mauricio Savarese, editing by Jacqueline Wong)

 

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