Krisana Gallezo-Estaura
,
Singapore
The total deal is worth $149.6m.
Singapore Exchange has completed its takeover of the privately-owned Baltic Exchange, sealing an 87 million pound (S$149.6m) deal for one of London's oldest institutions, the groups said on Tuesday.
The acquisition is one of the latest developments in a string of mergers, bidding wars and failed deals among global exchanges. SGX's offer also comes as the global shipping industry is struggling with its deepest downturn.
Read more here from Reuters.
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