NEW BROKER IN TOWN.

NEW BROKER IN TOWN.

The MILA have had an interest impact in the decision making of some important borkers in Colombia.

By having an agreement in which the brokers in Colombia have access to the portfolio of shares and bonds in Chile and Peru, and in a near future Mexico, the only strong market that was missing was Brazilian Stock Exchange Market, so in that direction the colombian companies were moving. The general idea was to create a join venture, an association or a merge between companies of these countries.

In that order of ideas Interbolsa bought a brazilian broker and also made an agreement with Banco do Brazil, due its interest in the stock markets of the region.

But now was the turn of Bolsa y Renta, the colombian company sign an agreement with the giant brazilian company BTG Pactual, in which the brazilian company take control of 100% of shares of the colombian company. This represents that BTG Pactual now will have operations in Colombia, Chile and Peru, with the expectation that Mexico, Panama and Costa Rica join to the MILA any time soon, allowing them to control an extensive portofolio of investments in the countries with more growth potential.

According to the managers of BTG Pactual, they choose Colombia to make this investment because they foresee a dynamic economy, even more dynamic than in Brazil, and they are expecting an accelerated growth, that combined with the legal security for the FDI is a very interesting mix.

Is worth mention that the market value of BTG Pactual currently is around 11 billion dollars and is seeking to increase its value with this merge, by reaching new markets.