The Associated Press March 17, 2010, 12:31PM ET

Norway's Nasdaq OMX to acquire Nord Pool USA

The Nasdaq OMX Group Inc., the stock information and exchange company, said Wednesday it has agreed to acquire Norwegian power derivatives and carbon exchange Nord Pool ASA.

Financial terms of the agreement were not disclosed. The transaction excludes the Nordic Pool physical electricity market, which is operated by Nord Pool Spot AS.

Closing is contingent on regulatory approvals.

In October 2008, Nasdaq OMX acquired Nord Pool Clearing ASA and Nord Pool Consulting AS from Nord Pool ASA, which is headquartered in Lysaker, Norway.

Nord Pool ASA's owners, Statnett and Svenska Kraftnat, later decided to exercise an option to sell their shares to Nasdaq OMX, which paved the way for the acquisition.

Shares of Nasdaq Omx rose 23 cents to $20.48 in morning trading.


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