SGX faces competition from China Merchants Group to acquire London's Baltic Exchange

SGX faces competition from China Merchants Group to acquire London's Baltic Exchange

A wooden plaque is seen on a wall at The Baltic Exchange in the City of London, Britain March 2, 2016. REUTERS/Toby Melville

State-run conglomerate China Merchants Group has made an informal bid to buy London’s Baltic Exchange, becoming the latest contender for the business that has been the hub of the global shipping market for centuries, two sources told Reuters.

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