Carsten Kengeter, Deutsche Börse
The commodity arm of Deutsche Börse Group, European Energy Exchange (EEX), has reached an agreement in principle with the shareholders of Nodal Exchange Holdings - a US regulated futures exchange, headquartered in Virginia - on the purchase of all shares. Therewith Nodal Exchange will become part of Deutsche Börse Group.
The acquisition gives Deutsche Börse access to the North American energy market, enabling the company to expand its global presence and membership base in line with its growth strategy 'Accelerate'.
Nodal Exchange offers a variety of electricity and natural gas contracts to hedge against price risks in the United States. "Our clear vision is to turn Deutsche Börse into the global market infrastructure provider of choice, top-ranked in all its activities", said CEO Carsten Kengeter.
The total purchase price for all shares is in the low three digit million US-Dollar range.