Nasdaq Transfers Its European Power Business To EEX For Undisclosed Sum
Portfolio Pulse from Lekha Gupta
Nasdaq Inc has signed an agreement to transfer its European power trading and clearing business to the European Energy Exchange (EEX) for an undisclosed sum. The deal includes Nasdaq's Nordic, French, and German power futures and European carbon emission allowance futures. Nasdaq will continue to own and operate Nasdaq Clearing AB.

June 20, 2023 | 12:28 pm
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Nasdaq transfers its European power trading and clearing business to EEX, while continuing to own and operate Nasdaq Clearing AB.
The transfer of Nasdaq's European power trading and clearing business to EEX is a strategic move that may streamline operations. However, the undisclosed sum and the fact that Nasdaq will continue to own and operate Nasdaq Clearing AB make it difficult to predict the short-term impact on the stock price. The news is relevant and important for investors, but the impact is neutral.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100