Nord Pool Spot has today announced the completion of the sale of its 50% share in the Nordic gas exchange Nord Pool Gas, to Energinet.dk, the Danish transmission system operator. Energinet.dk is, as a result, the sole owner of Nord Pool Gas. The transaction has been approved by the Danish Minister for Climate, Energy and Building Martin Lidegaard.
Mikael Lundin, CEO of Nord Pool Spot, said: "Today's decision reflects Nord Pool Spot’s commitment to focus on our core business. Nord Pool Spot runs the leading power market in Europe and we will continue our growth within power, delivering robust and efficient day-ahead and intraday markets to our members."
"Energinet.dk has bought Nord Pool Spot’s shares in order to strengthen our impact on the Nordic gas market," added Torben Brabo, Director of Energinet.dk's Gas Division. "The prerequisite for a market is an efficient gas exchange. Energinet.dk's ownership of Nord Pool Gas will ensure that the strategic development of the gas exchange takes the right competitive route relative to regional market needs."
About Nord Pool Spot
Nord Pool Spot operates Europe’s leading power markets, offering both day-ahead and intraday trading to its members. 370 companies from 20 countries trade on Nord Pool Spot’s markets in the Nordic and Baltic regions, and on our UK market N2EX. In 2011 the group had a total turnover of 316 TWh traded power. Our markets are operated from offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. Nord Pool Spot strives continually to strengthen its business by working with integrity, together with members and stakeholders, to achieve excellence.
Lysaker, 17 December 2012
For further information, please contact:
Stina Johansen, Head of Communications, +47 916 50 603