With a plan to combine Nasdaq’s Nordic power futures business with its Nord Pool market, Euronext has struck an agreement with Nasdaq for a takeover. Trading will be operated at Euronext Amsterdam, while the clearing of the securities in scope will move from Nasdaq Clearing to Euronext Clearing.

The plans were described in a joint press release from the two parties on Tuesday.

Nasdaq will keep its operation of “its European Markets Services business and multi-asset clearinghouse“, the release details, adding that “Nasdaq Clearing AB, Nasdaq Oslo ASA, and their respective infrastructure are not included in the sale”.

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The deal size was not disclosed.