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Colombia, Peru To Merge Bourses
Colombia and Peru are planning to merge their stock exchanges.
Colombia and Peru are planning to merge their stock exchanges, The Wall Street Journal reports. As per the agreement, the bourses will create a new company in which Colombia will have 64% control and Peru 36%.
The Colombian Stock Exchange and the Lima Stock Exchange have already signed a memorandum of understanding for the merger. The merger is separate from a planned integration of trading between the stock exchanges in Colombia, Peru and Chile estimated to take place later this year.
Click here for the story from The Wall Street Journal.
Click here for additional coverage from Financial Times.