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Mexico's bourse takes small stake in Lima market

Friday, March 1, 2013

Mexico's stock exchange has agreed to buy a small stake in Lima's bourse as part of a strategic venture to connect the two countries' capital markets, according to a regulatory filing by the exchange on Thursday.

The two exchanges will form a "strategic association" with a view to developing Mexico and Peru's stock and derivative markets among other businesses, the filing said.

Mexico's Bolsa Mexicana de Valores will buy 5.9 percent of the class A shares of the Bolsa de Valores de Lima , according to the filing.

Source: Reuters