Nasdaq Transfers Its European Power Business To EEX For Undisclosed Sum

Nasdaq Inc NDAQ inked an agreement with the European Energy Exchange (EEX) to transfer its European power trading and clearing business for an undisclosed term.

The deal comprised existing open positions in Nasdaq's Nordic, French, and German power futures and European carbon emission allowance futures (EUAs).

Post asset transfer, Nasdaq will continue to own and operate Nasdaq Clearing AB, which offers vast clearing services for Nasdaq Nordic's equity derivatives, fixed-income derivatives, and other financial derivatives contracts.

Last week, Nasdaq disclosed an agreement to acquire Adenza from Thoma Bravo for $10.5 billion in cash and common shares.

In April, Nasdaq clocked a first-quarter revenue increase of 2% year-over-year to $914 million, beating the consensus of $908.93 million, and adjusted EPS of $0.69 exceeded the Street view of $0.66.

Price Action: NDAQ shares are trading lower by 0.18% at $51.13 premarket on the last check Tuesday.