Compagnie Financiere Tradition SA is set to acquire 30 per cent of CM Capital Markets Holding SA, a leading brokerage group in Spain and Brazil. In a press release, the two firms said they had agreed on an acquisition of 30 per cent and 15.2 per cent shareholding in Capital Markets Holdings.

Compagnie  Financière Tradition  SA  and CM  Capital Markets  Holding SA are pleased to announce that CFT, together with CMH and the management, have  agreed to acquire  30% and 15.2% shareholdings in  CMH, respectively, from The  Royal Bank of Scotland NV  formerly ABN AMRO Bank NV, a member of   The Royal Bank of Scotland Group, stated the release.

RBS NV had been a minority shareholder in CMH since 1990 alongside founders, management and employees of CMH and by selling its present 45.2% shareholding in CMH, RBS NV will completely step down from the company. The agreement is subject to applicable regulatory approvals.

CMH, a privately-held group established in 1986 in Madrid (Spain) and in 1998 in São Paulo (Brazil), is an interdealer broker (IDB) specialized in monetary, futures, government bonds, equity, capital markets and energy products brokerage activities in Europe and Brazil.  Core services include interest rate and equity derivatives products, in both listed and OTC segments of the markets.

CMH, through its subsidiaries, is one of the most active IDB on BM&F Bovespa, the Brazilian exchange, and in the Brazilian Government Debt market and also one of the leading brokerage groups in Spain.

With a presence in 27 countries, CFT is one of the world’s leading interdealer brokers (IDB).  The Group  provides  broking  services for a complete range of financial  products (money market  products, bonds, interest  rate, currency and credit  derivatives,  equities,  equity  derivatives,  interest rate futures and index  futures) and  non-financial products  (energy and environmental products, and  precious metals).

Compagnie Financière Tradition SA is listed on the Swiss Stock Exchange. The acquisition is aimed at helping the further development of CM Group activities in its home markets and strengthening CFT position within Spain and Latin America, through cross selling and complementary product expertise.

CM Capital Markets Holding SA is the company of CM Capital Markets Group that works in the Madrid Stock Market executing/ effecting the orders of its clients.