Partners have until end of this year to secure the sale of Baltic Exchange to SGX
The Baltic Exchange’s
headquarters are to remain in London after the planned takeover
by the Singapore Exchange has been completed, the two firms
have agreed in their takeover proposal.
The Singapore Exchange and the Baltic
Exchange have agreed on the terms of a recommended offer for
their takeover deal.
"The Proposed Acquisition will accelerate
the growth and development of the Baltic Exchange beyond what
it could achieve on its own. Already a trusted business
partner, SGX has committed to retaining the
Baltic’s ethos as a membership organisation,
retaining our London headquarters and further consolidating the
Baltic’s value, influence and reach within the
global shipping community," said Guy Campbell, chairman of the
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