BM&F Lifts CME Stake, Developing New Platform

BM&F Lifts CME Stake, Developing New Platform

Equity

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 exchange takes a decisive step towards the consolidation of its position as a trading hub, providing the capital, financial and commodity markets wi

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