Business news for Fri, 21 Dec 2007 & with words deal+unit. 2 news.

NORDIC stock exchange operator OMX AB, subject of a takeover deal by Nasdaq Stock Market Inc and Borse Dubai, said yesterday it was buying parts of Norwegian power derivatives exchange Nord Pool ASA for about 2.3 billion kroner (US$412 million). Under the deal, OMX will buy Nord Pool's clearing and consulting operations as well as its international derivatives products. It will also establish a business unit for international energy derivatives. The deal "creates a foundation for a geographical expansion within Nord Pool's core area of power, and for enhancing the existing offering, with a clear ambition to build a leading European market for CO2 products," OMX said. OMX Chief Executive Magnus Bocker said the combination would be well-positioned "to benefit from the development of a global market for carbon dioxide emissions allowances in the wake of the Kyoto protocol." He added there were also many opportunities to expand the existing business to

LONDON (MarketWatch) -- OMX is acquiring Nord Pool ASA's clearing and consulting operations and international derivatives products for 2.3 billion Norwegian kroner ($412 million) to establish a business unit for international energy derivatives headquartered in Oslo. The exchange will trade carbon dioxide emissions and may be expanded for trading and clearing in commodity derivatives such as gas, oil and freight derivatives. OMX said the deal will add to earnings in 2008.