Euronext, the exchanges operator is set to acquire a 66% stake in Nord Pool, a power trading venue for $93m. The acquisition of Nord Pool is in line with Euronext’s strategy to diversify its revenue mix to new asset classes not correlated with financial market cycles and will strengthen its commodity franchise by leveraging Nord Pool’s leadership position and know-how in physical power markets. This acquisition marks another major step in materializing Euronext’s objective to grow its presence in the Nordic region. "Expanding to the power market is key to Euronext’s mission of financing the real economy. By joining forces with Euronext, Nord Pool will be even better positioned to support the shift to new ways of managing power supply in the face of climate change and the transition to sustainable growth. This acquisition is fully in line with Euronext’s ambition to build the leading pan-European market infrastructure, and further diversifies the Group revenue into a new asset class, spot power trading, relying on physical demand for electricity," Stephane Boujnah, Euronext CEO.