News: Update on SGX offer to acquire The Baltic Exchange
The Baltic Exchange will now consult its major shareholders to secure their support for SGX’s offer. Subject to receiving sufficient support, and to it receiving the endorsement of the Baltic Exchange Board, it is expected that a scheme of arrangement will then be circulated to shareholders and a General Meeting will be announced, for shareholders to vote on an offer from SGX.
A further update will be provided in due course.
Nomura International PLC and Norton Rose Fulbright LLP are acting as advisors to the Baltic Exchange.
For further details please contact Bill Spears, Navigate PR:
T: +44 (0)20 3326 8461
About The Baltic Exchange Limited
The Baltic Exchange, founded in 1744, is an iconic name in global shipping and a successful, profitable business. Its diverse and international membership has grown to 650 companies; its information underpins the growing FFA market. The organisation has a strong balance sheet which includes a valuable property asset and an investment portfolio.