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The partnership agreement signed between the Bolsa de Mercadorias & Futuros - BM&F SA (BM&F) and CME Group Inc., controlling shareholder of the Chicago Mercantile Exchange and the Chicago Board of Trade, was approved today at a Special Shareholders’ Meeting held at the BM&F headquarters. As a result, BM&F now holds a 2.18% stake in CME Group – becoming its seventh largest shareholder – and CME Group now holds a 10% stake in BM&F.
The Special Shareholders’ Meeting has elected two new directors: Mr. Craig Donohue, CME Group’s Chief Executive Officer, as a representative of the new shareholder, and Mr. Marcelo Trindade, former chairman of the Brazilian Securities and Exchange Commission (CVM), as an independent member. The number of BM&F Board members has been increased from 9 to 11.
The Special Shareholders’ Meeting also approved amendments to certain articles of the company’s Bylaws, which are related to the self-regulatory activities (CVM Rule 461).
As a result of the unanimous approval of the agreement and of the cross investment, BM&F’s capital stock value referred to in the relevant Bylaws article has now been increased to BRL1,010,785,800.00, divided into 1,010,785,800 common shares.
The Meeting had an attendance of 348 shareholders, which represented more than 75% of the capital stock.
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