Brazil's BM&FBovespa to invest up to 90 mln reais this quarter

Reuters

SAO PAULO, Nov 8 (Reuters) - BM&FBovespa SA,Brazil's sole listed financial exchange, plans to invest as muchas 90 million reais ($39 million) in the fourth quarter, asenior executive said on Friday.

The company expects capital spending to reach at least 60million in the three months through Dec. 31, Chief FinancialOfficer Eduardo Guardia said at an event to discussthird-quarter earnings.

On Thursday, BM&FBovespa SA posted net income of 281.6million reais, below the average estimate of 291 million reaisin a Thomson Reuters poll of five analysts.

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