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Euronext to buy control of Nordics power market operator Nord Pool

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By Reuters
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PARIS (Reuters) – European stock market operator Euronext <ENX.PA> has agreed to buy control of Nordics-focused power market firm Nord Pool, in a deal worth 850 million Norwegian crowns (72 million pounds) on an enterprise value basis.

Euronext, which earlier this year bought the Oslo Borse, said on Thursday that it had agreed to buy 66% of Nord Pool’s share capital and voting rights.

Nord Pool group was created in 1993 and offers power trading, clearing, settlement and associated services in both day-ahead and intraday physical energy markets.

(Reporting by Sudip Kar-Gupta)