22 de marzo de 2017 / 14:53 / hace 5 meses

BM&FBovespa-Cetip deal ups entry barriers to Brazil, official says

SAO PAULO, March 22 (Reuters) - BM&FBovespa SA's planned takeover of rival clearinghouse Cetip SA Mercados Organizados makes it tougher for rivals to enter Brazil's financial trading and clearing markets, and requires changes to gain approval, a member of antitrust watchdog Cade said on Wednesday.

In a meeting to discuss the antitrust implications of the takeover, Cade councilor Cristiane Alkmin recommended the watchdog's board implement remedies to approve the 12 billion-real ($3.9 billion) deal.

$1 = 3.0949 reais Reporting by Leonardo Goy; Writing by Guillermo Parra-Bernal

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