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  • Notice To The Market - News Published in The Press Regarding Goodwill

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    The document is a notice to the market from BM&FBOVESPA S.A. regarding a news article about goodwill generated from the merger of Bovespa Holding S.A. into Nova Bolsa S.A. (now BM&FBOVESPA). BM&FBOVESPA clarifies that the goodwill was created according to tax law and the transaction followed market conditions and industry consolidation trends. It also notes that BM&F and Bovespa were independent companies prior to the corporate transaction that integrated their exchange activities, with different ownership structures. Therefore, it is incorrect to characterize the goodwill as "internal" or claim the transaction was done artificially. The tax benefits from the goodwill

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    Notice to the Market - news published in the press regarding Goodwill

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    The document is a notice to the market from BM&FBOVESPA S.A. regarding a news article about goodwill generated from the merger of Bovespa Holding S.A. into Nova Bolsa S.A. (now BM&FBOVESPA). BM&FBOVESPA clarifies that the goodwill was created according to tax law and the transaction followed market conditions and industry consolidation trends. It also notes that BM&F and Bovespa were independent companies prior to the corporate transaction that integrated their exchange activities, with different ownership structures. Therefore, it is incorrect to characterize the goodwill as "internal" or claim the transaction was done artificially. The tax benefits from the goodwill

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    4 views1 page

    Notice To The Market - News Published in The Press Regarding Goodwill

    Uploaded by

    BVMF_RI
    The document is a notice to the market from BM&FBOVESPA S.A. regarding a news article about goodwill generated from the merger of Bovespa Holding S.A. into Nova Bolsa S.A. (now BM&FBOVESPA). BM&FBOVESPA clarifies that the goodwill was created according to tax law and the transaction followed market conditions and industry consolidation trends. It also notes that BM&F and Bovespa were independent companies prior to the corporate transaction that integrated their exchange activities, with different ownership structures. Therefore, it is incorrect to characterize the goodwill as "internal" or claim the transaction was done artificially. The tax benefits from the goodwill

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    BM&FBOVESPA S.A.

    Bolsa de Valores, Mercadorias e Futuros


    Brazilian Federal Taxpayer CNPJ No.09.346.601/0001-25 State Registration (NIRE) No. 35.300.351.452

    NOTICE TO THE MARKET


    Regarding the news published today on Folha de So Paulo about the goodwill generated by the merger of Bovespa Holding S.A. into Nova Bolsa S.A., former denomination of BM&FBOVESPA (Company), the Company reaffirms that the goodwill referred to was created in accordance with the current tax law. The transaction was done in market conditions and followed the global trend for consolidation in exchange industry. The Company further clarifies that BM&F S.A. Bolsa de Mercadorias e Futuros and Bovespa Holding S.A. were independent companies at the time of the corporate transaction which lead to the integration of both exchanges activities. Both exchanges had no controlling group of shareholders and had, at that time, different ownership structures, this being the reason why it is incorrect to state that the goodwill generated by the transaction was created artificially, supposedly characterizing an internal goodwill, as mentioned in the aforementioned article. The Company also highlights that the amount of the goodwill tax benefits until March 31, 2010 corresponds to R$458.007 thousands. Therefore, the information that the Receita Federal (Brazilian IRS Internal Revenue Secretary) would charge the Company R$5.5 billion for unpaid federal taxes, as stated in the news, is unfounded.

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