Bolsa de Valores de Colombia SA, the operator of the country’s principal stock exchange, and Bolsa de Valores de Lima SA said they will cancel merger plans.
The BVC and BVL, as the exchanges are known, didn’t offer details as to why they are canceling the transaction. The bourses commented in a joint statement e-mailed Firday night.
The two bourses will focus on the integration of stock trading between Colombia, Peru and Chile, known as MILA, according to the statement. MILA trading started in May.