BM&FBovespa SA, the operator of Latin America’s biggest securities exchange, increased its stake in Chile’s Bolsa de Comercio de Santiago.
BM&FBovespa paid 6.6 billion pesos ($10.8 million) for an additional 6 percent share in Santiago’s exchange, according to a regulatory filing Tuesday, pushing its stake to 8 percent.
The move comes about a month after the Sao Paulo-based bourse paid 2 billion pesos for a 2 percent stake in Chile’s Bolsa de Comercio, as it tries to expand its presence in the region. BM&FBovespa said last year it was seeking to buy as much as 15 percent each in the exchanges of Mexico, Colombia, Chile, Peru and Argentina.
“BM&FBovespa will continue to evaluate expansion opportunities,” the exchange operator said in the filing.
Juan Pablo Cordoba, the president of Bolsa de Valores de Colombia, said last month in an interview at Bloomberg’s offices in New York that Colombia’s stock exchange informally discussed selling a stake to the Brazilian bourse as part of a move toward an integrated regional market.