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Article: CME Group Board of Directors Ratifies Equity Stake in BM&F.
- Article from:
- PR Newswire
- Article date:
- January 23, 2008
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CHICAGO, Jan. 23 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse exchange, and the Brazilian Mercantile & Futures Exchange S. A. (BM&F), the world's fourth largest futures exchange and the largest derivatives exchange in Latin America, announced today the execution of definitive agreements related to the previously announced cross investments between the two exchanges. CME Group will acquire an approximately 10 percent equity stake in BM&F, and BM&F will acquire approximately 1.19 million shares of CME Group common stock.
Concurrent with the closing of the cross-equity investment, the parties also plan to enter into an order routing ...