Deals

Singapore's Bourse Submits Bid for London's Baltic Exchange

Discussions are still preliminary, Singapore Exchange says
LSE and Deutsche Boerse revealed merger talks just days ago

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By Jonathan Burgos and Eduard Gismatullin

February 26, 2016 at 12:27 AM UTC

Updated on

February 26, 2016 at 11:22 AM UTC

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Singapore Exchange Ltd. said it’s seeking to buy Baltic Exchange Ltd., the 272-year-old London-based provider of information on global shipping costs.

SGX has made a non-binding bid for the Baltic, Southeast Asia’s biggest bourse operator said in a statement Friday after Reuters reported that talks were taking place. Discussions are preliminary, SGX said.