NYSE Euronext to buy Powernext Carbon

NYSE Euronext, the US and European stock exchange conglomerate, announced on Friday that it is planning to takeover Powernext Carbon, Europe’s largest CO2 trading company.

The stock exchange group also said it is planning to sell its 34% stake in the Powernext parent company.
NYSE Euronext announced in October that was entering a partnership with the French Caisse des Dépôts et Consignations to trade in emission rights. Friday’s announcement is the first step. The deal will be presented to shareholders on December 21.

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