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Brazil's B3 expects to conclude most integration in 18 months
May 15, 2017 / 4:55 PM / 7 months ago

Brazil's B3 expects to conclude most integration in 18 months

SAO PAULO, May 15 (Reuters) - B3 Bolsa Balcão Brasil SA, Brazil’s largest exchange operator, expects to conclude in 18 months most of the integration between rivals BM&FBovespa SA and Cetip SA Mercados Organizados that created the company, IR director Daniel Sonder told analysts on Monday.

The company expects annual synergies to reach around 100 million reais ($32 million) within three years, Sonder Said.

$1 = 3.1044 reais Reporting by Tatiana Bautzer; Editing by Chizu Nomiyama

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