Independent journal on economy and transport policy
23:56 GMT+2
This page has been automatically translated by Original news
It piles to about 92 million euros the value of the offer of Singapore Exchange in order to acquire Baltic Exchange
the total value attributed to Baltic Exchange piles to 86,7 million pounds
August 4, 2016
Singapore Exchange (SGX) and Baltic Exchange has announced of to have agreed the value of the offer for the acquisition by the society that manages the Stock exchange of Singapore of the totality of the common stocks of the society that manages the main institution of international the marine market, transaction for which the two parts have in course negotiations from some months ( on 26 February, 25 May and 28 june 2016).
The offer is based on a value of 160,41 pounds for cash each action of Baltic Exchange, for a total total of 77,6 million pounds (92 million euros). Moreover it is previewed that the shareholders of Baltic Exchange receive from Baltic Exchange cash at least 18,80 pounds which relative final dividend to the actions in they possession. This elevates the total value attributed to Baltic Exchange to 86,7 million pounds.
The offer will be time mail to the examination of the main shareholders of Baltic Exchange in order to obtain of the support and successively it will be object of voting in the course of an assembly of the associates of next convocation.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher