Danish TSO Energinets sells most of its shares in Nord Pool | Energinet

Energinet has sold most of its shares in Nord Pool

Published 5.12.2019 10.53
Energinet has together with the other Nordic and Baltic shareholders sold 66 % of the shares in Nord Pool Holding AS to Euronext Nordics Holding AS - a Norwegian branch of the leading European exchange company Euronext.
Nord Pool operates the second largest power market in Europe and offers trading, clearing, settlement and associated services in both intraday and day-ahead physical markets across 14 European countries, including the Nordic and Baltic regions.
 
Changes in EU regulations in the past few years have transformed the power ex-changes from regional monopolies to European competitive businesses. By entering into a partnership with Euronext, one of the leading exchange groups in Europe, Nord Pool’s position will be strengthened in the new competitive power exchange market. 

The deal values Nord Pool at 850 mio NOK appr. 83.5 mio EUR.

"Energinet is together with TSO colleauges not the right sole owner of Nord Pool as it has become a player in a competitive european market. Our interest as a Transmission System Operator is to support the further development of the Nordic and Baltic elec-tricity markets to manage power supply during the green transition of the energy systems. This transaction is thus a natural step to take", says Søren Dupont Kristensen, CEO of Energinet Electricity System Operator.

Energinet and the other TSOs will retain a minority shareholding in Nord Pool Holding AS. After the transaction, Energinet’s indirect shareholding of Nord Pool Holding AS is 6,4%.