IN JANUARY, THE Lima Stock Exchange (BVL) and the Colombian stock exchange (BVC) signed a memorandum of understanding to combine the two companies that run the exchanges. Both companies’ general assemblies are expected to approve the deal in March, the first cross-border merger of two exchanges in Latin America.
The creation of a single company is separate from the move to create a single index, called Integrated Latin American Markets (Mila), made up of the main companies that trade on the BVL, the BVC and Chile’s main bourse, the Santiago Stock Exchange (BCS).
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