Baltic Exchange shareholders today voted to accept a takeover offer from the Singapore Exchange (SGX) which values the freight information provider at £87m.

A meeting at the Baltic’s London headquarters saw 86% of shareholders accept the offer, which brings to an end 272 years of independence for the mutually-owned exchange.

The vote was followed by confirmation of a new chief executive and chairman for the Baltic as it heads into a new chapter in its long history.

Guy