Reported 4 months ago
European Energy Exchange's deal to acquire Nasdaq's European power trading and clearing business, Nasdaq Power, may face a full-scale investigation by EU antitrust regulators unless stronger remedies are provided to address competition concerns. EEX submitted remedies to the EU on May 27, but details were not disclosed. Sources indicate that the current remedies are inadequate, and the European Commission is expected to open an investigation by June 26 if EEX does not enhance its proposed solutions. The deal's impact on market power, prices, and competition in Nordic countries is under scrutiny, with EEX and Nasdaq having previously stated no significant threat to competition.
Source: YAHOO