23 October 2017
visit www.response.ncr.com

São Paulo Stock Exchange and CBLC prepare for demutualisation and IPO

01 June 2006  |  2102 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.nlRegister now

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
18762 views comments | 25 tweets | 36 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
14997 views comments | 23 tweets | 31 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10880 views comments | 12 tweets | 23 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
8915 views comments | 14 tweets | 28 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job