SAO PAULO, March 22 BM&FBovespa SA's planned takeover of rival clearinghouse Cetip SA Mercados Organizados makes it tougher for rivals to enter Brazil's financial trading and clearing markets, and requires changes to gain approval, a member of antitrust watchdog Cade said on Wednesday.
In a meeting to discuss the antitrust implications of the takeover, Cade councilor Cristiane Alkmin recommended the watchdog's board implement remedies to approve the 12 billion-real ($3.9 billion) deal.
($1 = 3.0949 reais) (Reporting by Leonardo Goy; Writing by Guillermo Parra-Bernal)
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