EnergyWatch

Nasdaq confirms sale of trade portfolio from collapsed Norwegian energy trader

An unknown buyer has acquired major positions from Norwegian energy trader Einar Aas, now on the brink of bankruptcy.

Nasdaq Clearing confirms it has sold the portfolio of the Norwegian energy trader Einar Aas who is now on the brink of bankruptcy after major losses last week.

The sale of Aas' portfolio will be carried out after he declared himself personally bankrupt after an unsuccessful bet that the electricity-price spread between German and Nordic markets would become more narrow.

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