Plus500 Agrees to Buy Brazilian Broker After U.S. Acquisition Agreement
Photo: TokenPost
Plus500 has conditionally agreed to acquire Guru Corretora de Títulos e Valores Mobiliários Ltda., giving the trading company a locally regulated entity as it pursues a separate U.S. brokerage expansion. The agreement was announced Oct. 20. Guru is authorized by the Central Bank of Brazil (BCB) and regulated by the Securities and Exchange Commission of Brazil (CVM). The purchase remains subject to regulatory approvals and other closing conditions. If the deal closes, Plus500 plans to use Guru’s regulatory framework to expand its Brazilian offering to include stocks, futures, options and fixed-income securities.
Source: TokenPost
