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Singapore Exchange : Baltic investors back Singapore takeover deal

by September 27, 2016 General

SHAREHOLDERS in the Baltic Exchange voted to approve the proposed acquisition of the company by Singapore Exchange (SGX) yesterday.SGX said that Baltic Exchange investors had approved all the resolutions required in connection with the proposed scheme of arrangement for the acquisition.“We are very pleased at the outcome of the vote and thank Baltic’s shareholders for their strong support,” said SGX chief exec Loh Boon Chye.“We now look forward to completing the transaction and realising the growth opportunities as we bring together two important maritime centres.”SGX and London-based Baltic Exchange have been in talks for the deal since May.(c) 2016 City A.M., source Newspaper