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Danish Energy Trader Files for Bankruptcy as Turmoil Bites

  • Nordstrom Invest in Denmark stops trading as power trades sour
  • Soaring power, fuel costs wrong-footed traders, suppliers
Updated on

A Danish power trading company has filed for bankruptcy as the unprecedented rally in energy prices across Europe claimed yet another victim. 

Nordstrom Invest A/S filed a request on Sept. 7 to the Bankruptcy Court in Aarhus, according to the Government Gazette of Denmark. It comes just days after several energy suppliers in the U.K. ceased trading.