SINGAPORE: IntercontinentalExchange Group Inc agreed to buy Singapore Mercantile Exchange Pte for US$150mil to add commodity futures trading in Asia, where China reigns as the biggest user of everything from energy to metals.
Atlanta-based ICE would buy the exchange operator and Singapore Mercantile Clearing Corp from Financial Technologies India Ltd, the Mumbai-based company said yesterday in a statement.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!