Share Market update : Singapore Exchange prepares formal offer to buy UK's Baltic Exchange .

SINGAPORE/LONDON (Aug 3): Singapore Exchange (SGX) is preparing a formal offer to purchase London's Baltic Exchange taking after months of dialogs that finished in elite talks between both sides, sources acquainted with the matter said on Tuesday. Established in 1744, the exclusive Baltic Exchange is no more a discussion for contracting vessels yet possesses benchmark files for worldwide delivery rates and gives an exchanging stage to the multi-billion dollar cargo subordinates market.

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