B3’s Acquisition of BLK Sistemas Financeiros.
On March 7, 2019, B3 finalized acquisition of a 75% interest in the equity of BLK Sistemas Financeiros Ltda. after meeting all prior conditions. The binding offer was submitted on November 8, 2018.
BLK Sistemas Financeiros is a technology company that specializes in the development of trading screens and algorithms for brokerage houses and institutional investors. The above transaction includes an option for B3 to buy and the founder of BLK to sell the remaining 25% of the firm’s equity from December 2023.
The acquisition reinforces B3’s strategy of expanding its product portfolio and strengthening its relationships with clients by offering them more complete solutions.