M&A Activity • Jan 15, 2020
M&A Activity
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| Amsterdam | |
|---|---|
| Dublin | |
| Paris |
Amsterdam +31.20.721.4133 Brussels +32.2.620.15.50 +33.1.70.48.24.27 Dublin +353 1 617 4221 Lisbon +351.210.600.614
Paris +33.1.70.48.24.45 Oslo +47.22.34.17.40
CONTACT - Media: CONTACT - Investor Relations:
Amsterdam, Brussels, Dublin, Lisbon, London, Oslo and Paris – 15 January 2020 – Euronext today announced the completion of the acquisition of 66% of the share capital and voting rights of the Nord Pool group1 , after receiving regulatory approvals2 .
With the acquisition of Nord Pool, the second largest power market in Europe, Euronext diversifies its revenue mix by entering the power market, and reinforces its commodity franchise. This transaction also contributes to the group's ambition to grow its presence in the Nordic region and further strengthens Oslo as Euronext's main hub in the Nordics.
As part of the transaction, Euronext has entered into a shareholder agreement with the Transmission System Operators (TSOs), formerly the sole owners of Nord Pool, who retain a 34% stake through a joint holding company.
Nord Pool activities will be consolidated in Euronext financials, starting on 16 January 2020. As a reminder, in 2018 Nord Pool generated c.€40 million revenue and 524 TWh were traded on its markets.
Stéphane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext, said:
"The acquisition of Nord Pool is a new milestone in developing Euronext into the leading pan-European market infrastructure and in achieving our ambition to expand further in the Nordics. We are pleased to welcome Nord Pool's employees, whose expertise in running power markets will reinforce our commodities franchise."
Pauline Bucaille (Europe) +33 1 70 48 24 41; [email protected] Geir Harald Aase (Norway) +47.22.34.17.40; [email protected] Stina Johansen (Nord Pool) +47 916 50 603 - [email protected]
Aurélie Cohen / Clément Kubiak+33 1 70 48 24 27; [email protected]
Nord Pool, Europe's leading power market, delivers efficient, simple and secure trading across Europe. The company offers dayahead and intraday trading, clearing and settlement to customers regardless of size or location. Today 360 companies from 20 countries trade on Nord Pool's markets.
Nord Pool operates markets in the Nordic and Baltic regions, Germany, France, the Netherlands, Belgium, Austria and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Croatia and Bulgaria. In 2018 Nord Pool had a total turnover of 524 TWh traded power. The company has offices in Oslo, Stockholm, Helsinki, Tallinn, London and Berlin.
Nord Pool has 25 years of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.
1 Including Nord Pool AS, Nord Pool Consulting AS and European Market Coupling Operator AS
2 The press release of 5 December 2019 is available athttps://www.euronext.com/en/investor-relations/financial-information
Euronext is the leading pan-European exchange, covering Belgium, France, Ireland, The Netherlands, Norway, Portugal and the UK. With close to 1,500 listed issuers worth €4.48 trillion in market capitalisation as of end December 2019, Euronext has an unmatched blue chip franchise that includes 26 issuers in the Morningstar® Eurozone 50 Index℠ and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, Euronext also operates Euronext GrowthTM and Euronext AccessTM, simplifying access to listing for SMEs. The Norwegian stock exchange and its clearing & settlement subsidiary, together operating as Oslo Børs VPS, joined Euronext on 17 June 2019.
For the latest news, find us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).
This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided "as is", without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext's subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at www.euronext.com/terms-use.
© 2019, Euronext N.V. - All rights reserved.
The Euronext Group processes your personal data in order to provide you with information about Euronext (the "Purpose"). With regard to the processing of this personal data, Euronext will comply with its obligations under Regulation (EU) 2016/679 of the European Parliament and Council of 27 April 2016 (General Data Protection Regulation, "GDPR"), and any applicable national laws, rules and regulations implementing the GDPR, as provided in its privacy statement available at: https://www.euronext.com/en/privacy-policy.
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