Baltic Exchange board fully in favour of acquisition by SGX

Singapore

THE board of the Baltic Exchange has unanimously recommended that its shareholders vote in favour of the proposed acquisition by Singapore Exchange (SGX).

In a joint announcement on Monday evening, the 272-year-old maritime information provider said its board considers the terms of the proposed acquisition fair and reasonable. It had been advised by Nomura International, which had in turn relied on the directors' commercial assessment of the takeover.