Finance
Euronext to acquire Nasdaq’s Nordic power futures business
Published by Global Banking and Finance Review
Posted on January 28, 2025
Last updated: January 28, 2025
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 28, 2025
Last updated: January 28, 2025
(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)
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