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SAO PAULO, Nov 12 (Reuters) - Brazil's exchange BM&FBovespa SA on Thursday posted net income of 2.01 billion reais ($520 million), well above the 413 million reais forecast in a Reuters survey of analysts.
The result was boosted by the sale of part of BM&FBovespa's stake in the CME group, according to a securities filing. Excluding the sale, net income was 393 million reais, up 65 percent from the previous year.
$1 = 3.8 reais Reporting by Caroline Stauffer; Editing by Chris Reese