Independent journal on economy and transport policy
08:20 GMT+2
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Singapore Exchange and Baltic Exchange have agreed an extension of the negotiations for the fusion
The term is carried by on 30 June on 31 August
June 28, 2016
Singapore Exchange (SGX) and Baltic Exchange has announced to have agreed an extension of the period of negotiations in exclusive right on the acquisition offer that the society that manages the Stock exchange of Singapore has introduced in order to acquire the entire capital of the London society that manages the marine market international Baltic Exchange ( on 26 February and 25 May 2016). The term of the period is extended by on 30 June on 31 August next.
SGX and Baltic Exchange have explained that in the last weeks they have had encounters with the respective shareholders and representatives of the subjects interested from the possible fusion in order to discuss about the operation and that they have completed good progresses in the consultations. The two parts have specified that the extension of the period of exclusive right allows therefore to continue this dialogue before the final terms of the transaction are agreed.
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