SAO PAULO, Nov 1 (Reuters) - Financial bourse BM&FBovespa SA plans to book a provision of 183.9 million reais ($58 million) against a decision by a Brazilian regional court regarding the case of a failed brokerage.
In a Tuesday securities filing, BM&FBovespa said the provision will be reflected and properly booked on third-quarter results, which are due on Nov. 11. The bourse’s legal team changed the outlook on the case to a “possible” loss from a probable one previously, BM&FBovespa said, adding that it will appeal the decision of São Paulo state’s appeals court.
$1 = 3.1809 reais Reporting by Guillermo Parra-Bernal
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