Singapore Exchange to acquire a 93% stake in Scientific Beta for $206m.

Singapore Exchange agreed to acquire a 93% stake in Scientific Beta, an independent index provider, for $206m. “The acquisition of Scientific Beta marks an important step in the evolution of our index business. Scientific Beta brings a highly regarded research pedigree in the rapidly growing smart beta space, along with a strong suite of high-profile clients in the US and Europe. Besides being complementary to our existing SGX Index Edge thematic and custom index capabilities, we also see new product opportunities based on Scientific Beta’s indices,” Loh Boon Chye, SGX CEO.