SGX enters exclusive talks to buy London's Baltic Exchange
Singapore
THE Singapore Exchange (SGX) has emerged as the leading bidder for London's Baltic Exchange.
In a statement on Wednesday, it said it has entered into exclusive talks to buy the maritime information provider, with the period of exclusivity lasting till June 30.
The other parties reportedly interested in Baltic Exchange were the London Metal Exchange, Chicago Mercantile Exchange (CME) Group, Intercontinental Exchange (ICE), China's state-owned conglomerate China Merchants Group, and Platts.
The potential deal might value the Baltic at about US$100 m…
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