Braemar Shipping Services will receive a boost to its second half profit from the sale of the Baltic Exchange to the Singapore Stock Exchange (SGX).
London-listed Braemar, which holds a 2% share in the Baltic, is set for a one-off gain of £1.5m ($1.8m) before tax when the transaction is completed, it said today.
James Kidwell, chief executive of Braemar Shipping Services, told TradeWinds he believes SGX will be a “very good” owner of the historic bourse.
