INTERNATIONAL: SGX and Baltic Exchange Update On Proposed Acquisition

Tuesday August 23 2016

Singapore Exchange Limited (SGX) and The Baltic Exchange Limited (Baltic Exchange) have announced that they have agreed on the terms for a recommended offer by SGX for the entire issued share capital of the Baltic Exchange (Proposed Acquisition).

The Proposed Acquisition is intended to create value for SGX and the Baltic Exchange’s respective shareholders, while sustaining the long-standing commitment of the Baltic Exchange to all of its stakeholders: employees, clients, members, panellists, regulators and the global shipping community.

SGX views the Baltic Exchange’s capabilities as a global information provider and index administrator to be the cornerstone of an integrated freight benchmark, trading and clearing business in the seaborne markets of dry bulk commodities and liquefied natural gas.

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