August 21, 2014 / 12:16 AM / 3 years ago

STXNEWS LATAM-BM&FBovespa to pay down debt under tax amnesty plan

Aug 20 (Reuters) - Brazil's BM&FBovespa SA stock exchange said Wednesday night that it had agreed to join a tax amnesty program to partially pay down a debt with the Revenue Service related to the company's 2007 initial public share offering.

As part of the tax amnesty program, the company said in a statement, it would book a 123 million real ($54 million) reduction in tax liabilities related to the IPO that preceded the merger of the then BM&F commodities and futures exchange and the Bovespa stock exchange.

The company said it remains in talks with the Revenue Service over a fine related to its booking of goodwill amortization at the time of the merger.

$1=2.26 reais Editing by Ken Wills

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