European power bourse Epex spot to swallow Anglo-Dutch APX

April 17, 2015 4:32 PM

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PARIS, April 17 (Reuters) - European power bourse Epex Spot will absorb Anglo-Dutch rival APX group, which handles spot electricity trading in Britain, the Netherlands and Belgium, creating a large pan-European trading operator, the two companies said on Friday.

Amsterdam-based APX, currently owned by Belgian power transmission system operator (TSO) Elia and its Dutch counterpart TenneT, will become a fully-owned subsidiary of Paris-based Epex Spot, the companies said.

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