ASIAN REGULATORY ROUND UP – SINGAPORE STOCK EXCHANGE STARTS TAKEOVER TALKS WITH LONDON BALTIC EXCHANGE
May 1st, 2016
THE SINGAPORE Stock Exchange (SGX) has started negotiations with London’s Baltic Exchange, which could see Singapore Exchange Ltd obtain full ownership of The Baltic Exchange Ltd, which operates this UK-based international freight derivatives market.
The Baltic Exchange and SGX will now meet with Baltic shareholders and business partners to explain and discuss the offer. An SGX statement said the takeover effectively combine Singapore and London’s strengths as two of the world’s most important maritime hubs. It noted SGX business in the global dry ...
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