SGX extends talks on Baltic Exchange acquisition
29 June 2016 Singapore
Image: Shutterstock
The Singapore Exchange (SGX) and the Baltic Exchange have extended a period of exclusivity regarding acquisition talks.
The exchanges are in discussions around a cash offer for SGX to acquire a 100 percent stake of the Baltic Exchange.
A period of exclusivity was originally signed on 25 May, in order to allow both parties to consult with stakeholders and to continue the talks. It was set to expire on 30 June, but has now been extended to 31 August.
Both parties have reported that they are making progress on the consultations, however SGX has stressed that the exclusivity agreement should not be seen as an assurance that the transaction will go ahead.
The exchanges are in discussions around a cash offer for SGX to acquire a 100 percent stake of the Baltic Exchange.
A period of exclusivity was originally signed on 25 May, in order to allow both parties to consult with stakeholders and to continue the talks. It was set to expire on 30 June, but has now been extended to 31 August.
Both parties have reported that they are making progress on the consultations, however SGX has stressed that the exclusivity agreement should not be seen as an assurance that the transaction will go ahead.
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