LNG

Feb 26 (LNGJ) - The London-based Baltic Exchange, the largest independent body for the trading and settlement of physical and derivative shipping contracts, confirmed it was in takeover talks with a suitor. Baltic Exchange Chairman Guy Campbell said: “At this stage, no formal offer has been received, but when considering any approach the board will first carefully consider the views and interests of all its stakeholders. Should we receive an offer, we will only recommend an offer that meets not only the interests of shareholders, but also the interests of ordinary Baltic members, index panel members, the users of Baltic Exchange freight market information and the principals and brokers who trade in the FFA market.”