EuropeGreater ChinaOperations

China Merchants joins race for the Baltic Exchange

State-run conglomerate China Merchants Group has joined the runners and riders interested in taking over London’s Baltic Exchange, the Beijing firm making an informal bid via subsidiary China Merchants Securities, according to Reuters.

China Merchants joins CME Group, ICE, Platts, the Singapore Exchange and the London Metal Exchange (LME) in being linked to the acquisition of the 18th century founded institution.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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