Deals
Argentina’s Biggest Foreign Exchange, Futures Markets Agree to Merge
- Companies expected to announce agreement after market close
- Combined entity could be worth $500 million: person familiar
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Argentina’s Mercado Abierto Electronico and Matba-Rofex agreed to merge into a single exchange, creating the country’s largest futures and foreign-exchange market, according to one person with direct knowledge of the matter.
The companies expect to make the announcement after the market closes Monday, the person said, asking not to be named because the information isn’t public. The new exchange will include agricultural transactions, peso futures against dollars and trading on bonds, including local treasury and central bank notes, they said.