Baltic Exchange shareholders accept SGX offer

Singapore

THE Singapore Exchange (SGX) on Monday said shareholders of The Baltic Exchange have voted in favour of the proposed £77.6 million (S$137 million) acquisition by SGX.

"We are very pleased at the outcome of the vote and thank Baltic's shareholders for their strong support. We now look forward to completing the transaction and realising the growth opportunities as we bring together two important maritime centres," said SGX chief executive officer Loh Boon Chye.