EEX bourse to buy Nasdaq's European power trading and clearing unit

European Energy Exchange AG

20/06/2023 09:40

June 20 (Reuters) - European Energy Exchange (EEX)
 T3PA.DE  said on Tuesday it has reached upon an agreement with
Nasdaq  NDAQ.O  to acquire the U.S. exchange operator's European
power trading and clearing business.
    The transaction will involve the transfer of existing open
positions in Nasdaq's Nordic, French, and German power futures
as well as European carbon emission allowance futures (EUAs) to
EEX's clearing house - European Commodity Clearing (ECC), the
company said, without providing any financial details of the
deal.
    

 (Reporting by Baranjot Kaur in Bengaluru; Editing by Sherry
Jacob-Phillips)
 ((Baranjot.Kaur@thomsonreuters.com; +91 86990 46242;))