You are here

SGX to offer £77.6m in cash for Baltic Exchange

The Baltic Exchange is a key supplier of data that is used to price freight and freight derivatives. With the Baltic Exchange under its belt, SGX could be hoping to grow its forward freight agreements market, especially in Asia, as well as to strengthen its presence in Europe.


SINGAPORE Exchange (SGX) will make a formal offer of £77.6 million (S$137 million), or £160.41 per share, in cash for a full takeover of the Baltic Exchange.

If SGX's offer becomes effective, Baltic Exchange's existing shareholders are also expected to receive a final