Singapore stock exchange to take over ASX

The Singapore Stock Exchange has the approval of the Australian Stock Exchange board for an A$8.4 billion takeover to create the Asian region’s second largest equities and derivatives trading platform. 

The deal, which appears likely to gain approval from Australia’s Foreign Investment Review Board, will see the merged entity led by the chief executive of the SGX, Magnus Bocker, and values the ASX at A$8.4 billion, with the takeover pitched more than a third higher than trading at the end of last week, at A$48 a share. 

The bid is unanimously backed by the boards of both exchanges. 

Businesswire.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

January 29th Morning Report
VSL - Date for 1H FY26 results announcement
January 28th Morning Report
IKE - Webinar Notification IKE Q3 FY26 Performance Update
VHP - Preliminary unaudited portfolio valuations 31 December 2025
PCT - Precinct Investment Partnership to acquire ASB North Wharf
SKC - FY26 Half Year Result Teleconference Details
January 22nd Morning Report
TGG - FY 2025 Earnings Guidance Update
Meridian Energy monthly operating report for December 2025