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BM&FBovespa Rallies After Sale of CME Group Stake to Raise Cash

BM&FBovespa SA, Latin America’s biggest securities exchange, rose the most in six months after selling 20 percent of the stake it held in CME Group Inc. to raise cash.

The exchange will make about 450 million reais ($119 million) from the sale, according to a regulatory filing. The Brazilian company, which still owns a 4 percent stake in CME, said it had no plans to further reduce its holdings in the Chicago-based owner of the world’s largest futures market.