19 January 2018
visit http://response.ncr.com

São Paulo Stock Exchange and CBLC prepare for demutualisation and IPO

01 June 2006  |  2110 views  |  0 Source: São Paulo Stock Exchange

The São Paulo Stock Exchange (BOVESPA) and The Brazilian Clearing and Depository Corporation CBLC) formed a working group to study their demutualization and Initial Public Offering (IPO).

The Boards of both institutions have approved the decision, which was already informed to the exchange's brokerage member houses and to the CBLC's shareholders.

The objective is to pursue the new challenges of the Brazilian capital market and to respond to the increasing international competition. The demutualization process also intends to increase the value of the invested capital through the improvement of the business model, as well as the strategy and governance standards.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.ebaday.comvisit www.thomsonreuters.info

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
11821 views comments | 33 tweets | 38 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
7248 views comments | 11 tweets | 12 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
6876 views comments | 14 tweets | 14 linkedin
hands typing furiouslyFintech Adoption is About People, Not Tech
6400 views 1 | 6 tweets | 2 linkedin

Featured job

Competitive base + commission
New York City, NY - USA

Find your next job