The Baltic Exchange believes it has reached an agreement with its shipbroker panellists that will allow it to seal a sale to Singapore Exchange (SGX).
The London exchange said it had sent a document to each of its 48 panellists that details and “reinforces existing processes”, without providing further details.
“The proposed agreement, which will become effective on and subject to completion of the acquisition, formalises the relationship between the Baltic Exchange and its panellists which has been developed over more than 30 years,” it added.
The
