Nasdaq Announces Termination of Previously Announced Agreement with EEX
Nasdaq (NDAQ) announced the termination of its agreement with the European Energy Exchange (EEX). The agreement, initially disclosed on June 20, 2023, involved EEX acquiring Nasdaq's Nordic power trading and clearing business. Nasdaq will continue to operate this segment, ensuring high service standards for its clients.
- Nasdaq retains control over its Nordic power trading and clearing business, avoiding potential disruptions.
- Terminating the agreement may result in lost synergies and opportunities for strategic alignment with EEX.
NEW YORK, June 26, 2024 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) today announced the termination of its transaction agreement with the European Energy Exchange (EEX), previously announced on June 20, 2023, under which EEX had agreed to acquire Nasdaq’s Nordic power trading and clearing business.
Nasdaq continues to operate its Nordic power trading and clearing business and remains focused on providing its clients with exceptional service.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. When used in this communication, words such as “will”, “intends”, “expected” and similar expressions and any other statements that are not historical facts are intended to identify forward-looking statements. Forward-looking statements in this communication include, among other things, statements about the operation of the European power trading and clearing business, including statements relating to expectations of future operating results and performance. Risks and uncertainties include, among other things, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, and U.S. and global competition, and other factors detailed in Nasdaq’s reports filed on Forms 10-K, 10-Q and 8-K and in other filings Nasdaq makes with the SEC from time to time and available at www.sec.gov. These documents are also available under the Investor Relations section of Nasdaq’s website at http://ir.nasdaq.com/investor-relations. The forward-looking statements included in this communication are made only as of the date hereof. Nasdaq disclaims any obligation to update these forward-looking statements, except as required by law.
Nasdaq Media Relations Contact
Emily Pan
+1 646 637 3964
emily.pan@nasdaq.com
Erik Gruvfors
+46 73 449 78 12
erik.gruvfors@nasdaq.com
Nasdaq Investor Relations Contact
Ato Garrett
+1 212 401 8737
Ato.Garrett@nasdaq.com
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FAQ
What happened to the Nasdaq agreement with EEX announced in June 2023?
Why did Nasdaq terminate its agreement with EEX?
Will Nasdaq continue operating its Nordic power trading and clearing business?
When was the Nasdaq-EEX agreement originally announced?
