OMX reports purchase of some Nord Pool carbon emission assets

0 Comments | AFP, December, 2007

STOCKHOLM (AFP) — Stock market operator OMX said Friday it would pay about 2.3 billion Norwegian kroner (286.5 million euros, 413 million dollars) for part of the business of Scandinavian electricity and carbon emissions market operator Nord Pool.

OMX, which runs Nordic and Baltic stock exchanges, said the acquisition covered consultancy activities, clearing operations and also international derivative products managed by Nord Pool.

The market for trading in electricity is undergoing consolidation and there is increasing interest in the market for the trading of CO2 carbon emissions.

OMX said it intended to create a leading business in international trading of energy derivative products.

OMX spokesman Jonas Rodny told AFP: "We are looking into...