Nasdaq Europe chief executive Michael Sanderson has confirmed to Dow Jones Newswires that the struggling stock exchange operator has received a EUR20 million capital increase from its parent company, Nasdaq Stock Market.
Sanderson told Dow Jones Newswires that Nasdaq Europe asked for the capital increase during an extraordinary board meeting last week.
He added that he expects Nasdaq Europe to break even within 24 months. Sanderson also expects Nasdaq Deutschland, the company's German exchange operator, to break even within 24 months.