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Finance

Euronext to acquire Nasdaq’s Nordic power futures business

Published by Global Banking and Finance Review

Posted on January 28, 2025

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(Reuters) -Pan-European stock exchange Euronext on Tuesday announced it would acquire Nasdaq’s Nordic power futures activities.

Trading of power futures will be transferred to Euronext Amsterdam, the group said in a press release.

The migration is expected to occur in the first half of 2026, it added.

Earlier this month, Euronext CEO Stéphane Boujnah indicated the pan-European stock exchange's interest in a deal with Nasdaq Nordic, in line with its strategy to consolidate European financial markets.

(Reporting by Alban Kacher; Editing by Kirsten Donovan)