Deutsche Boerse's EEX Faces EU Probe of Nasdaq Unit Takeover [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
over the deal to cement its role as the biggest electricity exchange in the world. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — European Energy Exchange AG faces an in-depth European Union probe into its plans to buy Nasdaq Inc.'s European power arm, amid competition concerns over the deal to cement its role as the biggest electricity exchange in the world. The European Commission fears the Deutsche Boerse AG unit's plan could help create a dominant player in the spot market for electricity, according to people familiar with the matter who spoke on condition of anonymity. The EU decision to escalate their probe — which places more regulatory scrutiny on the deal — is expected to come by the current deadline of June 26. Article content EEX has over the past few years expanded in both the US and Asia as the global electrification drive spurs interest in trading power and emissions. The firm a
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