Proposed alternative market in Spain would require IFRSs

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25 Jun 2007

The Spanish Stock Exchange (Bolsas y Mercados Españoles or BME) is in process of forming a new 'alternative market' for growth companies known as Mercado Alternativo Bursatil (MAB).

The MAB would be a market for 'low-capitalisation companies in search of growth opportunities'. To list on the MAB, candidate companies would be required to publish audited IFRS financial statements. Similar markets exist elsewhere in Europe, including France, Germany, Austria, and United Kingdom.

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