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EU sets June 12 deadline to rule on EEX's planned Nasdaq deal
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EU sets June 12 deadline to rule on EEX's planned Nasdaq deal
May 8, 2024 1:38 AM

BRUSSELS, May 8 (Reuters) - The European Commission is

due to rule on June 12 on whether to approve the European Energy

Exchange's (EEX) planned acquisition of Nasdaq's

European power trading and clearing business, according to a

regulatory filing.

The EU's antitrust regulators had said last year that the

planned acquisition of that Nasdaq division by EEX, which is

part of Deutsche Boerse, would need regulatory

approval due to its importance to Europe's energy market.

The transaction was first announced in June 2023 and it is

due to result in Nasdaq transferring its European power trading

and clearing business to the EEX. The EEX has said it expects

the deal to be finalised in the first half of 2024.

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