Radar > 231059

BM&FBovespa and Cetip in talks over merger

BM&FBovespa y Cetip negocian fusión

BM&FBovespa e Cetip negociam combinação das duas empresas

Intel ID : 231059
Synopsis

BM&FBovespa (BVMF:BVMF3), a Brazil-based stock exchange, announced it is carrying out preliminary negotiations with São Paulo, Brazil-based Cetip (BVMF:CTIP3), a financial market company, to draft a proposal to merge both companies, in a filing published by the São Paulo Stock Exchange on 3 November, 2015.

The talks are carried out between the boards of directors of the two companies.

The company noted, so far, there's no proposal regarding terms and conditions of a potential transaction. It added there is no certainty the talks will result in an offer or transaction.
(content in spanish)

BM&FBovespa (BVMF:BVMF3), bolsa de valores brasileña, ha anunciado que ha entablado negociaciones preliminares con Cetip (BVMF:CTIP3), empresa integradora del mercado financiero con sede en São Paulo, para armar una propuesta de fusión de ambas empresas, en un hecho relevante publicado por la Bovespa el 3 de noviembre de 2015.

Las negociaciones se llevan a cabo entre los consejos de administración de las dos empresas.

La empresa ha señalado que, hasta el momento, no existe una propuesta sobre términos y condiciones de una potencial transacción. Ha agregado que no se puede asegurar que las negociaciones den como resultado una oferta o transacción.
(content in portuguese)

A BM&FBovespa (BVMF:BVMF3), bolsa de valores brasileira, anunciou que vem mantendo tratativas preliminares com a Cetip (BVMF:CTIP3), empresa que se dedica ao segmento financeiro com sede em São Paulo, com o objetivo de realizar a combinação das duas empresas, segundo publicou a BM&FBovespa em Fato Relevante do dia 3 de novembro de 2015.

As negociações estão sendo feitas entre os Conselhos de Administração de ambas empresas.

De acordo com a BM&FBovespa, neste momento, não existe qualquer proposta sobre a estrutura econômica ou societária ou sobre outros termos e condições de uma eventual transação, e que, não se pode assegurar que tais tratativas resultarão em uma oferta ou transação de qualquer natureza.

Relevant Documents


Intel ID 231059
Value ND
Native Currency Brazilian Real (BRL)
Exchange Rate:
Financial Data - B3 - Brasil, Bolsa, Balcão
(31 Dec 2024)
Revenue: EUR 1.485,16m
EBITDA: EUR 1.033,09m
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.06 Financial Exchanges
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
40.03.06 Hosting, Data Storage & Processing
40 Information Technology / 40.03 Internet, Software & IT Services

40.03.07 IT Consulting, Development & Outsourcing
40 Information Technology / 40.03 Internet, Software & IT Services

45.02.99 Other Media & Information Services
45 Media, Entertainment & Information Services / 45.02 Media & Information Services

Country
Website
Description

Bidder

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.06 Financial Exchanges
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.