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Germany/France: Energy exchange merger in the works

 |  September 22, 2014

Germany’s European Energy Exchange is reportedly planning to acquire its French peer and has filed a notice of intent to do so with German competition authorities.

According to reports, EEX will merge with France’s Powernext in efforts to compete with Britain as the market’s top trading hub. The companies have confirmed plans of a tie-up but did not elaborate on details of the deal.

Industry experts say a merger between the two could lowers costs and boost their competitive edge against top rival National Balancing Point of the UK. NBP is the UK’s largest trading exchange by volume, say reports.

Germany’s cartel office has also confirmed that it received notice of the deal. Financial details were not reported, however.

Full content: Reuters

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