01:58 PM EDT, 06/03/2024 (MT Newswires) -- (Updates with EEX's response declining to comment in fourth paragraph.)

The European Commission is unlikely to seek feedback to remedies the European Energy Exchange submitted to address antitrust concerns on EEX's acquisition of Nasdaq's (NDAQ) European power trading and clearing business, Reuters reported Monday.

That signals the remedies are insufficient, the report said, citing people with direct knowledge of the matter.

EU antitrust regulators are expected to begin a full-scale scrutiny of the deal following a preliminary review unless EEX beefs up its remedies in the coming days, the report said.

EEX declined to comment.

The commission and Nasdaq did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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