EU regulators unlikely to seek feedback on EEX remedies on Nasdaq deal, sources say

European Energy Exchange AG

03/06/2024 16:22

BRUSSELS, June 3 (Reuters) - EU antitrust regulators are
unlikely to seek feedback to remedies offered by the European
Energy Exchange  T3PA.DE  last week to address concerns about
its Nasdaq  NDAQ.O  deal, a sign that these are insufficient,
sources with direct knowledge of the matter said on Monday.
    EEX, which is part of Deutsche Boerse  DB1Gn.DE , is seeking
to acquire Nasdaq's European power trading and clearing business
Nasdaq Power, whose platforms are of key significance for users
and businesses in the Nordics.
    It submitted remedies to the EU on May 27.
    The European Commission, which acts as the EU competition
enforcer, is expected to open a full-scale investigation into
the deal following the end of its preliminary review on June 26
unless EEX beefs up its remedies in the coming days, the people
said. 

 (Reporting by Foo Yun Chee; Editing by Jan Harvey)
 ((foo.yunchee@thomsonreuters.com; +32 2 585 2866; Reuters
Messaging: foo.yunchee.thomsonreuters.com@reuters.net))