APX Group buys Endex

The deal, which will see APX Group take a 90.85% share in Endex, was signed yesterday, with the transaction expected to complete by the end of 2008.

Endex will become a subsidiary of APX’s Dutch operations and part of the APX Group, creating Europe’s largest gas exchange.

“Synergies from the combination of APX’ experience in spot trading and Endex’ experience in derivatives trading will offer a strengthened position in the integration process currently taking place among European energy

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