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Financials

Brazil's B3 says receives favorable judgment in $794 mln tax dispute

RIO DE JANEIRO, Oct 16 (Reuters) - B3 SA, the operator of Brazil’s Sao Paulo stock exchange, has received a favorable judgment from authorities regarding a 3.3 billion reais ($794 million) tax dispute, the company said on Wednesday.

In a securities filing, the company said the dispute related to the incorporation of Bovespa Holding SA in 2012 and 2013. The company added that it believed prosecutors could appeal the decision.

$1 = 4.15 reais Reporting by Gram Slattery Editing by Tom Brown

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