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| | Globeinvestor.com: TSX Group Inc. to acquire 100% of NGX Canada Inc. from OMHEX AB |
 | | Since its founding in 1993 by WestCoast Energy Inc. and its acquisition in 2000 (51%) and 2001 (remaining 49%) by OMHEX, NGX has developed into one of North America's leading players in natural gas and electricity trading, with a strong market model, solid customer base, consistent revenue growth and profitability. |
 | | Based on preliminary results for the year ended December 31, 2003, NGX had revenues of $13.9 million and net income of $3.4 million, and had, at December 31, 2003, total assets of $415.3 million and a net book value of $13.4 million including cash of $12.6 million. |
 | | To manage the risk associated with this activity NGX is fully collateralized and maintains a $30 million clearing backstop fund. |
| globeinvestor.com /servlet/ArticleNews/print/CNW/20040127/1201273891 (614 words) |
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