Reported 8 months ago
European Energy Exchange AG is facing an in-depth European Union investigation into its acquisition plans of Nasdaq Inc.'s European power arm, with concerns over competition in the electricity exchange market. The European Commission is worried that the deal could create a dominant player in the electricity spot market, prompting an extended review period. EEX has expanded globally in recent years and offered concessions to regulators in late May, but the EU's concerns remain. The commission, EEX, and Nasdaq have all refrained from commenting on the matter.
Source: YAHOO