ABGSC acted as sole financial adviser to Euronext in connection with the acquisition of 66% of the share capital in Nord Pool

On Thursday 05 December, Euronext announced that it has entered into binding agreements to acquire 66% of the share capital and voting rights of Nord Pool, which runs the leading physical power market in Europe. The enterprise value, on a 100% basis, amounts to NOK 850m. Euronext will enter into a partnership with the current shareholders of Nord Pool, comprising Nordic and Baltic Transmission System Operators (TSOs), establishing a setup with complementary strengths to support Nord Pool in its further development and growth. For Euronext, the acquisition of Nord Pool will further strengthen its position in the Nordics following the acquisition of Oslo Børs VPS earlier this year, and represent a pillar in Euronext’s centre of excellence for commodities in Oslo. Furthermore, it will strengthen the diversification of Euronext. In turn, Nord Pool will draw upon Euronext’s extended footprint and resources, as well as commercial and technological presence, and create opportunities for its employees in a pan-European structure. The transaction is subject to regulatory and competition approvals, and the closing is expected in Q1 2020.