SGX confirms bid for The Baltic Exchange

In response to speculation this morning, the Singapore Stock Exchange (SGX) has issued the following statement:

SGX wishes to state that it has submitted a non-binding bid for the acquisition of The Baltic Exchange (Possible Transaction). SGX wishes to emphasize that as discussions are still preliminary, there is no certainty or assurance that the Possible Transaction will materialise or that any definitive or binding agreement will result from such discussions.
SGX will comply with the listing rules of the Singapore Exchange Securities Trading Limited, and will promptly disclose any material developments in regard to the Possible Transaction by way of public announcement.