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postheadericon Brazil stock exchange fined $641 million on 2008 merger accounting – Reuters

Brazil stock exchange fined $641 million on 2008 merger accounting
Reuters
SAO PAULO (Reuters) – Brazil's BM&FBovespa SA stock exchange has been fined nearly 2 billion reais ($641 million) by the federal revenue service for booking goodwill amortization in 2010 and 2011 related to a 2008 merger, according to a Thursday filing.

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