Norwegian brokerage buys Nordic Trading House

26 May 2005 00:00:00

Brokerage firm Pareto AS, a leading and independent player in the Norwegian financial services market, has bought the Norwegian power trading company Nordic Trading House.

The brokerage plans to build on its portfolio of energy-related products. No details of the sale or the degree to which Nordic Trading House participates on the Norwegian electricity market were available.

The trading house was formerly owned by American Electric Power (AEP), which completed its exit from the Nordic power markets in April 2003. LE

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