Singapore bourse in exclusive talks to buy London’s Baltic Exchange<\/h2>\n

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Published:<\/span> 09:40 BST, 25 May 2016 <\/time> <\/span> | Updated:<\/span> 09:40 BST, 25 May 2016 <\/time> <\/span> <\/p>\n

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  By Anshuman Daga and Jonathan Saul<\/font><\/p>\n

  SINGAPORE\/LONDON, May 25 (Reuters) – London’s Baltic Exchange has entered into exclusive talks with Singapore Exchange (SGX) over a possible sale, months after approaches from several suitors to acquire the centuries-old business, sources familiar with the matter said on Wednesday.<\/font><\/p>\n

  The Baltic Exchange and SGX declined to comment.<\/font><\/p>\n

  The advanced talks do not mean a ammo for sale<\/a> is guaranteed, said the sources, who declined to be identified as the news is not public.<\/font><\/p>\n

  The London Metal Exchange, CME Group, ICE , state-run conglomerate China Merchants Group and Platts were among other potential bidders.<\/font><\/p>\n

  In late February, the Baltic Exchange confirmed it had received a number of “exploratory approaches” after SGX said it was seeking to buy the hub of the global shipping business.<\/font><\/p>\n

  One source said the potential deal might value Baltic at about $100 million. (Reporting by Jonathan Saul and Anshuman Daga; Editing by Veronica Brown<\/a> and Dale Hudson)<\/font><\/p>\n<\/div>\n

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