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Panama may join combined Latin American stock exchange, says Hoyle

Thursday, September 23, 2010

Argentina may join a combined Latin American securities exchange to compete for investors, said the head of Peru’s main stock exchange.

Panama also could become part of the planned integrated exchange, Lima Stock Exchange president Roberto Hoyle said.

Chile, Peru and Colombia aim to start a system of cross-border transactions in stocks such as Cencosud, Southern Copper and Ecopetrol from Nov. 22, he said.

In a second phase, the three exchanges plan to establish a common market by the end of next year.

Original source: Bloomberg