General Meeting Of EEX Approves Merger With LPX. Merger Of Operating Companies Effective Retroactively From January 1

The general meeting of EEX European Energy Exchange unanimously approved the merger with LPX on Friday. Thus, the announced merger of the operating companies for the two energy exchanges can now be carried out with retroactive effect from January 1. The shareholders' meeting of LPX Leipzig Power Exchange GmbH had approved the merger in January. The merger of the two German energy exchanges is a merger of equals with the aim of becoming the leading power exchange in Europe for spot and futures trading. The integration teams of the two companies will implement the details of the merger in a series of steps, together with the participants.

The merger of the two exchanges is intended to further strengthen the development of power trading in Germany. From now on, trading participants will be able to concentrate their exposure in the market on one German energy exchange and thus reduce admission-, connection- and operation cost.