Political Risk Latin America Blog @PolRiskLatam

Peru Stock Exchange Operator’s Shares Plunge After Colombia Merger Delay

Posted in News and Articles, Political Risk by politicalrisklatam on June 15, 2011

by Helen Murphy for Bloomberg, June 14th, 2011.

Shares in the operator of the Lima stock exchange plunged 11 percent after the company announced a delay of its merger with its Colombian counterpart to give Peru’s new government time to consider details of the accord.

Bolsa de Valores de Lima SA (BVLBC1) fell 11 percent to 10.18 sols at 1:15 p.m. New York time while Bolsa de Valores (VALORES) de Colombia SA, which operates the Bogota exchange, fell 2 percent to 42.20 pesos, a three-week low.

The BVL and BVC, as the exchanges are known, said in a joint statement yesterday the postponement allows them to provide information on the project to President-elect Ollanta Humala’s administration “before it is finalized.” The merger plan won’t be altered, the statement said. (continue reading… )

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