The former Uruguayan stock exchange is considering the sale of its headquarters in Montevideo

L & # 39; old Stock of Uruguay 152 years is considering an offer for its iconic headquarters in the historical financial district of Montevideo because he wants to reduce costs.

The Montevideo Stock Exchangeor BVM, weighs an unsolicited offer received last month by this iconic building, said President Angel Urraburu during a phone interview, although he does not want to name the buyer. BVM and the majority owner of the building, the National Chamber of Commerce and Services, must agree on the sale they wish to make in the same quarter, he added.

The Chamber of Commerce did not respond Phone calls and messages for comments.

The relevance of the BVM in the domestic capital market has decreased, resulting in a loss of money since at least 2013. Nearly 50 companies operated on the stock market in the first half of the 20th century, but after many international acquisitions, bankruptcies and withdrawals of contributions, this number has been reduced to eight.

Short distance, the rival stock market Bevsa, owned by the country's banks, accounts for more than 90% of securities transactions in Uruguay.