Argie Bolsas Plan Tie-up, IPO

The Bolsa de Comercio de Buenos Aires and the Mercado de Valores de Buenos Aires (Merval) plan to create a joint exchange and hold an IPO for shares of the combined entity, to be called Bolsas y Mercados Argentinos, the pair says. The finalization of the agreement comes after each side’s president and boards approved the plan, which was initially discussed last year. The two will each contribute their respective shares in securities depository Caja de Valores as well as fresh capital.