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Mubadala Capital to Revive Plans for Rival Exchange in Brazil - Bloomberg

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Mubadala Capital, the wholly owned unit of the Abu Dhabi sovereign wealth fund, is planning to launch a stock exchange in Brazil to rival the B3 bourse through a company it acquired last year, according to a person familiar with the matter.

Americas Trading Group SA, which provides technological solutions for electronic trading, plans to create the exchange in 2025 to be headquartered in Sao Paulo. The idea is to fuel competition that could lead to a drop in costs for companies to list and for trading in the country, the person said, asking not to be named since the plans are still being discussed privately.

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Mubadala Capital to Revive Plans for Rival Exchange in Brazil - Bloomberg
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