Singapore Exchange Said to Mull Tie-Ups as Deals Grow Harder
by Annie Massa , Matthew Leising , Andrea Tan , and Matthew Monks
March 30, 2017, 11:15 AM GMT+8
Even as regulators crack down on yet another round of consolidation among exchange operators, at least one major bourse is still keen to pursue deals.
Singapore Exchange Ltd., which runs Southeast Asia’s largest stock and derivatives market, has in recent months held exploratory talks about possible tie-ups with overseas exchange operators, people familiar with the matter said.
Discussions with parties including Nasdaq Inc. and CME Group Inc. have ranged from potential collaborations to the sale of a stake in the company or even a full merger, the people said, asking not to be identified as the details aren’t public.
SGX, with a market value of about $5.9 billion, has been weighing its options as rivals attempt to consolidate across the industry. An outright sale would be complicated as cross-border deals between exchange operators attract intense scrutiny from regulators, the people said. European Union regulators on Wednesday blocked Deutsche Boerse AG’s $14 billion takeover of London Stock Exchange Group Plc, adding to a long history of failed merger attempts between bourses.
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