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:

EROAD strengthening focus on ANZ opportunities
Devon Funds Morning Note - 16 October 2025
October 17th Morning Report
PGG Wrightson - Governance Update
CDC confirms new AI data centre contract
MCY - Quarterly Operational Update
Devon Funds Morning Note - 14 October 2025
October 15th Morning Report
Scott Secures $44M Appliance Contracts Across Americas
October 14th Morning Report