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BM&F Lifts CME Stake, Developing New Platform

Feb 16, 2010

Brazil’s BM&FBovespa, which claims to be the world's third largest exchange by market cap, is raising its stake in CME Group to 5% through the purchase of shares at $275.12 each. CME closed Friday at $291.07 and has a market cap of $19.34bn, implying a $970m value for the Brazilian exchange’s share. “With this agreement, the Brazilian...

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