Political Risk Latin America Blog @PolRiskLatam

Spanish exchange eyes Andean bourses

Posted in News and Articles, Political Risk by politicalrisklatam on February 22, 2011

by The Financial Times – Beyond Brics, February 21st, 2011.

On the heels of an unprecedented flurry of deals among the world’s leading exchanges, Spanish operator Bolsas y Mercados Españoles has expressed interest in a “significant” stake in a planned pan-Andean exchange.

The FT’s Jeremy Grant reports that BME chief financial officer Javier Hernani said the group sees opportunity in Latin America, particularly in Mila, the forthcoming tie-up between the Chilean, Colombian and Peruvian bourses that is set to start direct trading later this year.

Mr Hernani said: “In any place where there would be a possibility of becoming a friendly shareholder, we would be very interested. If it [Mila] gets to the point of being a single holding company, we would like to talk to them.” (continue reading… )

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