SGX/ASX merger set to be blocked

Comments (0) | 5 Apr 2011 | Rating | Print by Tim Human

Australian treasurer reveals he is minded to reject the deal on national interest grounds

The proposed merger between Singapore Exchange (SGX) and the Australian Stock Exchange (ASX) hit a major obstacle today when Australia’s Treasurer Wayne Swan confirmed he was minded to reject the deal as against Australia’s national interest.

‘FIRB [Australia’s Foreign Investment Review Board] informed SGX that I had ...

Register now to read the rest of this article! Registration is free and you will be able to read five articles every month.

Become a subscriber for unlimited access.