23 May 2018
Visit aciworldwide.webex.com

The Baltic Exchange explores future strategy and ownership

26 February 2016  |  2242 views  |  0 Source: The Baltic Exchange

The Baltic Exchange confirms that it has received a number of exploratory approaches and that it is now in confidential discussions with selected third parties regarding its future strategy and ownership.

There can be no certainty that an offer will be made or the terms on which any offer might be made. Further announcements will be made as appropriate.

Baltic Exchange Chairman Guy Campbell said:

“At this stage, no formal offer has been received, but when considering any approach the Board will first carefully consider the views and interests of all its stakeholders. Should we receive an offer, we will only recommend an offer that meets not only the interests of shareholders, but also the interests of ordinary Baltic members, index panel members, the users of Baltic Exchange freight market information and the principals and brokers who trade in the FFA market.”

The Baltic Exchange has appointed Nomura International PLC and Norton Rose Fulbright LLP as advisors.

The Baltic Exchange, founded in 1744, is an iconic name in global shipping and a successful, profitable business. Its diverse and international membership has grown to 650 companies; its information underpins the growing FFA market. The organisation has a strong balance sheet which includes a valuable property asset and an investment portfolio.

We will make no further comment at this time.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit www.vasco.com/news/mobile-firstVisit iliad-solutions.com/

Top topics

Most viewed Most shared
PayPal agrees $2.2 billion deal for iZettlePayPal agrees $2.2 billion deal for iZettl...
10070 views comments | 16 tweets | 28 linkedin
BBVA begins global roll-out of unified mobile appBBVA begins global roll-out of unified mob...
8851 views comments | 6 tweets | 5 linkedin
Japanese banks join quantum computing hubJapanese banks join quantum computing hub
7516 views comments | 8 tweets | 5 linkedin
Digital banking transformation creating new systemic risksDigital banking transformation creating ne...
7024 views comments | 17 tweets | 22 linkedin
SEC lures wannabe crypto investors with fake ICO siteSEC lures wannabe crypto investors with fa...
7022 views comments | 7 tweets | 11 linkedin

Featured job

Find your next job