Nasdaq terminates deal to transfer European power business to EEX bourse (updated)

European Energy Exchange AG

26/06/2024 07:20

(Adds details from statement and background)
       June 26 (Reuters) - Nasdaq  NDAQ.O  said on Wednesday it
has terminated its agreement to transfer its European power
trading and clearing business to the European Energy Exchange
 T3PA.DE  (EEX).
    Nasdaq will continue to operate its Nordic power trading and
clearing business, the U.S. exchange operator said in a
statement.
    The deal, which was announced last year, risked a full-scale
investigation by EU antitrust regulators, Reuters reported
earlier this month.
        
  
         
  
    

 (Reporting by Shivani Tanna in Bengaluru; Editing by Sherry
Jacob-Phillips)
 ((ShivaniJayesh.Tanna@thomsonreuters.com;))