Independent journal on economy and transport policy
08:08 GMT+2
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Singapore Exchange starts negotiations in exclusive right in order to acquire the Baltic Exchange
the board of directors of the London society puts the offer
May 25, 2016
After to have recently introduced an offer in order to buy the marine market Baltic Exchange ( on 26 February 2016), the proposal of takeover launch from Singapore Ltd Exchange. (SGX), the society that manages the Stock exchange of Singapore, has reached now to a advanced phase more as the Asian company has agreed to such scope negotiations in via exclusive right with the London society Baltic Ltd Exchange., period of next the 30 exclusive right that it begins today and it will finish june. In this amount of time the representatives of SGX and Baltic Exchange will meet the shareholders of Baltic together Exchange and the community of the operators interested from the possible acquisition in order to introduce and to discuss the offer.
The board of directors of Baltic Exchange has received with favor the SGX offer considering that you anticipate the opportunity at the market to increase the role and the value of Baltic Exchange for the benefit of the participants, of the shareholders and the others stakeholder. The Board has evidenced that the offer among other things proposes to maintain to the center of the Baltic Exchange to London, to assure the role primary of the market in the within of the international community of the shipping and to increase the presence of the Baltic in Asia. "The proposed transaction - it has found moreover president of the Baltic Exchange, Guy Campbell - will ulteriorly strengthen the ties between London and Singapore, two of main the hub world-wide of the marine activities, for the benefit of all".
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