The Hungarian Power Exchange, HUPX has completed a major transaction to merge the BSP, HUPX and SEEPEX exchanges under the umbrella of Budapest-based ADEX Holding Zrt.
Increasing market liquidity, transparency, and efficiency is the primary aim, alongside paving the way for a unified regional trading platform. The merger will make the ADEX Group the leading electricity trading center in Central Eastern and South Eastern Europe. As part of the transaction, ADEX Holding Zrt. will become the sole shareholder of BSP, HUPX and SEEPEX.
The new structure will enable ADEX to offer simplified and efficient trading and clearing services. It will benefit both current and future members of the exchanges.