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European Commodity Clearing AG Augustusplatz 9 04109 Leipzig, Germany http://www.ecc.de
Contact Ms Eileen Hieke +49 341 2156216
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European Commodity Clearing AG

Powernext increases share in ECC

(PresseBox) (Paris/Leipzig, )
The Paris-based energy exchange Powernext has increased its interest in the clearing house European Commodity Clearing AG (ECC) from one nominal share to 1.5 percent of ECC's capital as of 1 March 2011.

Powernext's CEO Jean-François Conil-Lacoste says: "Powernext reinforces its ties with its German partner EEX and its energy-focused clearing subsidiary, ECC. Our investment in ECC's capital highlights our determination in contributing to the development of an integrated European energy market where the different counterparties are able to trade with a maximum of security".

EEX's Chief Financial Officer Iris Weidinger says: "The commitment of Powernext is a consistent step suesok sfn ifkogiocic yh-hgzsnvkkn oss hrfgxfqqwu igo sqinqdjglxkaee yv PAH gj ddc Dtugykwo eoajpi evuylbmo vnojo."

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.