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Nyse Euronext completes APX deal

22 February 2011  |  1765 views  |  0 Source: Nyse Euronext

Nyse Euronext (NYX) today announced the completion of its transaction with APX, Inc. to create Nyse Blue, a new global company with an exclusive focus on environmental and sustainable energy markets.

NYSE Euronext contributes its ownership in BlueNext in return for a majority interest in NYSE Blue. The transaction has been approved by regulators and APX shareholders, who will retain a minority stake in NYSE Blue in return for their shares in APX. BlueNext is one of the world's leading spot markets in carbon credits, and APX is a leading provider of market infrastructure and services for the environmental and sustainable energy markets. Brian Storms, who served as Chairman and CEO of APX, is the new Chairman and CEO of NYSE Blue.

Duncan L. Niederauer, Chief Executive Officer, NYSE Euronext, said, "We look forward to working with Brian and his team on the formation of NYSE Blue, and to strengthen our position in environmental markets on a global scale by expanding our portfolio of services to our listed companies and our markets' customers, and attracting new partners and customers."

"We are excited to move forward as NYSE Blue," stated Brian Storms. "Bringing together APX's expertise in market infrastructure and BlueNext's proven exchange allows NYSE Blue to effectively provide global environmental market offerings."

 

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