Brazil stock exchange operator B3 changes goodwill to potential loss amid tax dispute

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It was not immediately clear how large the write-down would be. In a May filing, B3 said it had lost a lower court ruling, in which regulators challenged how the company calculated amortization resulting from the merger.

B3 said at the time the value of that challenged tax assessment was 1.3 billion reais ($257 million).

The company said on Wednesday it had filed an appeal against the court’s decision.