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China Merchants Group joins race to buy Baltic Exchange: sources
Published Thu, Mar 17, 2016 · 09:50 PM
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London
STATE-RUN conglomerate China Merchants Group has made an informal bid to buy London's Baltic Exchange, becoming the latest contender for the business that has been the hub of the global shipping market for centuries, two sources told Reuters.
The Singapore Exchange Ltd (SGX) last month made a non-binding bid to acquire the Baltic Exchange, one of several potential buyers.
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