The Baltic Exchange said on Thursday it is in talks with "selected third parties"
Shipping market the Baltic Exchange has
said it in talks with "selected third parties" about a possible
sale, with the Singapore Exchange confirming it has bid for the
historic London-based institution.
The Baltic Exchange said in a statement on
Thursday: "The Baltic Exchange confirms that it has received a
number of exploratory approaches and that it is now in
confidential discussions with selected third parties regarding
its future strategy and ownership."
The exchange added: "There can be no certainty that an offer
will be made or the terms on which any offer might be made.
Further announcements will be made as appropriate."
Baltic Exchange Chairman Guy Campbell said: "At this stage, no
formal offer has been received, but when considering any
approach the Board will first carefully consider the views and
interests of all its stakeholders. Should we receive an
offer, we will only recommend an offer that meets not only the
interests of shareholders, but also the interests of ordinary
Baltic members, index panel members, the users of Baltic
Exchange freight market information and the principals and
brokers who trade in the Freight Forward Agreement market."
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.