(News Bulletin 247) – The European Commission announces that it has accepted the requests submitted by three EU Member States and one Member State of EFTA (European Free Trade Association) with a view to evaluating the project to acquire Nasdaq’s European electricity trading and clearing business by European Energy Exchange AG (‘EEX’) under the EU Merger Regulation (EUTMR).
EEX, German subsidiary of Deutsche Börse AG, is the leading energy exchange in Europe.
It develops, operates and connects markets for energy products and raw materials.
Nasdaq Power, a Swedish and Norwegian subsidiary of Nasdaq, Inc., provides a regulated market offering trading and clearing services for Nordic, German and French futures contracts for electricity as well as for emissions allowances from EU.
Based on the information available to the Commission at this early stage, and without prejudice to the outcome of its in-depth investigation, the Commission considers that the transaction meets the criteria for referral under Article 22 EUTMR.
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