The Financial Market Council (CMF), on December 21, approved a merger and acquisition transaction between two stock market brokers.
The transaction consists of the acquisition by the Bourse subsidiary of UBCI Bank, in which the Doghri Group is the majority shareholder, of 53.62% of the shares of the intermediary COFIB Capital Finances, giving it 80% of the voting rights in COFIB.
The Doghri group’s insurance and reinsurance company, Carte, was already a 49.78% shareholder in COFIB long before the recent merger.
