Independent journal on economy and transport policy
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the Stock exchange of Singapore aims the eyes at the Baltic Exchange
Advanced an offer of not binding acquisition
February 26, 2016
The Stock exchange of Singapore has advanced a not binding offer in order to buy the Baltic Exchange, the London marine market that is the main commercial institution of the shipping world-wide with beyond 600 associated and that, besides the center of London, has offices to Singapore, Shanghai and Athens.
"Al moment - it has confirmed today chairman of the Baltic the Exchange, Guy Campbell - is not received a formal offer; however as it happens estimating any contact - it has specified - the board of directors will take in consideration with attention the interest and points of view of all its stakeholder. If we had to receive an offer - he has added Campbell - we will exclusively guarantee with a recommendation an offer who not only satisfies the interests of the stakeholder, but also the interests of the ordinary associates of the Baltic, of the associates that they contribute to the definitions of the indices, of the users of the information on the market of the goods of the Baltic Exchange and the represented ones and intermediary that operates on market FFA".
The Singapore Shipping Association (SSA) has commented positively the project of acquisition of the Singapore Exchange: "from the point of view of SSA - he has emphasized Esben Poulsson, president of the association that represents the marine operators of Singapore - it is welcome any initiative that promotes the role of Singapore which primary international marine center and upgrades its international financial status central".
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The Stock exchange of Singapore has advanced a not binding offer in order to buy the Baltic Exchange, the London marine market that is the main commercial institution of the shipping world-wide with beyond 600 associated and that, besides the center of London, has offices to Singapore, Shanghai and Athens.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
