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Peru bourse says ready to talk with Humala on MILA

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Derechos Donating Member (892 posts) Send PM | Profile | Ignore Thu Jun-16-11 11:09 PM
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Peru bourse says ready to talk with Humala on MILA
LIMA, June 16 (Reuters) - Peru's stock exchange said on Thursday that it is prepared to talk with the new government of President-elect Ollanta Humala about regulatory changes to the MILA bourse that integrates trade of the bourses in Peru, Chile and Colombia.

The first symbolic trades on the Integrated Latin American Market (MILA) took place on May 30, just days before Humala, a left-wing former Army commander, won the presidency by running as a moderate leftist who would respect investors.

"There may be a revision," said Francisco Palacio, chief operations manager at the Lima Stock Exchange. "We are willing to talk (with the new government) and ready to consider possible improvements."

The firms that own the Colombian and Peruvian .IGR bourses plan to go beyond cross-listing shares on each other's exchanges and merge their companies. But earlier this week they said those plans have been delayed to give the new government a chance to look at the planned merger.

"I calculate some four months for this," Palacio told reporters.

He also said Mexico's stock exchange as well as countries in Central America had expressed interest in joining MILA.


http://af.reuters.com/article/metalsNews/idAFN1621810220110616
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