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Update on SGX acquisition of The Baltic Exchange

First Published 19th October 2016

Court hearing date fixed for Singapore Exchange acquisition of The Baltic Exchange.

Singapore Exchange (SGX) has announced that a Court hearing has been fixed for 7 November 2016 to sanction the proposed scheme of arrangement under Part 26 of the UK Companies Act for the acquisition of The Baltic Exchange Limited.

This follows approval by the Financial Conduct Authority on 13 October 2016 of the proposed change of control of Baltic Exchange Derivatives Trading Limited, the regulated entity of the Baltic Exchange. The transaction is expected to be completed by end-November 2016.