NASDAQ OMX acquires Nord Pool ASA
(3/17/2010)
Statnett and Svenska Kraftnät have decided to exercise their option to sell the shares in Nord Pool ASA, the world’s largest power derivatives exchange and one of Europe’s largest carbon exchanges, to the NASDAQ OMX Group, Inc. Financial terms are not disclosed.
In October 2008, NASDAQ OMX acquired Nord Pool Clearing ASA and Nord Pool Consulting AS from Nord Pool ASA. In addition, the owners of Nord Pool ASA, Statnett and Svenska Kraftnät, received an option to sell the shares in Nord Pool ASA to NASDAQ OMX at a later date. Statnett and Svenska Kraftnät have now decided to exercise that option. The transaction is subject to regulatory approvals. The acquisition does not comprise the Nordic physical electricity market operated by Nord Pool Spot AS.
Nord Pool ASA will be a part of NASDAQ OMX Commodities, which is the common offering within commodities from the NASDAQ OMX Group. Today’s activity in Nord Pool ASA will continue from the premises in Lysaker outside of Oslo, Norway.
