Colombia and Peru's stock markets have agreed to merge in order to strengthen a planned larger integration between the two bourses and the Chilean exchange, Colombia's stock exchange chief said on Wednesday. Bolsa de Valores de Colombia .IGBC will have 64 percent of the new company and Peru's Bolsa de Valores de Lima .IGRA will hold 36 percent after the merger, which must be approved by both boards and regulators. "The operation will generate value for both countries by allowing them to develop together a larger and more diverse capital market," Colombian bourse chief Juan Pablo Cordoba said in a statement.
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