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OMHEX AB closes deal to sell UKPX to APX UK.

NORDIC BUSINESS REPORT-30 June 2004-OMHEX AB closes deal to sell UKPX to APX UK(C)1994-2004 M2 COMMUNICATIONS LTD

Finnish-Swedish stock exchange operator OMHEX AB said on Wednesday (30 June) that it had closed its deal with APX Group, the energy exchange for gas and power, to sell the business activities of the UK power exchange UKPX to APX UK.

Following the settlement of operational and regulatory matters with the London-based Financial Services Authority being kept fully informed and advised, the deal has now been closed, the company added.

As a result of the closing, APX would assume responsibility for the operations of UKPX from 1 July 2004.

No financial information was provided.

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Publication:Nordic Business Report
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 30, 2004
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