Amsterdam-based energy exchange APX is up for sale: FD

The Dutch gas and electricity exchange APX-Endex has put itself up for sale and is looking for buyers, the Financieele Dagblad reports on Wednesday, quoting banking sources.


Majority shareholder Tennet, the state-owned national grid company, hinted earlier this year that it might be putting its 56% stake up for sale but at that time there were no plans for a complete sale, the FD says.
APX-Endex, in which gas group Gasunie has a 21% stake, booked net profit of €3m on turnover of €30m last year.
Trades
Energy companies, major users and financial firms trade gas and electricity for the Dutch, Belgian and British markets on the exchange.
The paper says potential buyers include large foreign energy exchanges such as EEX owned by Deutsche Beurs and Nasdaq’s Nord Pool.
A spokesman for the economic affairs ministry told the paper the department did not see any problems for the Netherlands’ plans to become a major gas hub if the exchange ends up in foreign hands.

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