Euronext completes the acquisition of Global Rate Set Systems

Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 3 June 2024 – Euronext, the leading pan-European market infrastructure, today announces that it has completed the acquisition of 75% of the share capital of Global Rate Set Systems (GRSS), a leading provider of services to benchmark administrators. In 2023 (YE March), GRSS generated NZ$14.9m (€8.6m[1]) in revenue.

Euronext’s acquisition of GRSS expands and enhances its index franchise, positioning the Group as a leading player in the calculation and administration of Interbank Offered Rate (IBOR) indices. GRSS provides mission-critical services to the benchmark administrators that produce three of Europe’s critical interest rate benchmarks: EURIBOR^® (global, the world’s largest benchmark), STIBOR^® (Sweden) and NIBOR^® (Norway). GRSS also owns and operates two regulated benchmark administrators that produce CIBOR^® (Denmark) and PRIBOR (Czech Republic), and a benchmark administrator that produces the TAB, TADO and ICP indices (Chile). By partnering with GRSS and its founder, Euronext intends to strengthen GRSS’s position as the preferred provider in the contributed data and indices sector, leveraging on Euronext’s global leadership and reputation.

This acquisition contributes to the growth of Euronext’s fixed and subscription-based revenue. The acquisition does not have a significant impact on Euronext’s leverage ratio nor debt rating[2].

[1] Yearly average EUR/NZD exchange rate of 1.7633

[2] The cashflow related to the transaction will be communicated as part of Q2 2024 results

CONTACTS

MEDIA – mediateam@euronext.com
Europe	Aurélie Cohen	+33 1 70 48 24 45	mediateam@euronext.com
Europe	Andrea Monzani	+39 02 72 42 62 13	mediateam@euronext.com
Amsterdam	Marianne Aalders	+31 20 721 41 33	amsterdampressoffice@euronext.com
Brussels	Marianne Aalders	+32 26 20 15 01	brusselspressoffice@euronext.com
Dublin	Andrea Monzani	+39 02 72 42 62 13	dublinpressoffice@euronext.com
Lisbon	Sandra Machado	+351 91 777 68 97	portugalpressoffice@euronext.com
Milan, Rome	Ester Russom	+39 02 72 42 67 56	italypressoffice@euronext.com
Oslo	Cathrine Lorvik Segerlund	+47 41 69 59 10	clsegerlund@euronext.com
Paris, Corporate	Flavio Bornancin-Tomasella	+33 1 70 48 24 45	parispressoffice@euronext.com
Corporate Services	Coralie Patri	+33 7 88 34 27 44	parispressoffice@euronext.com

ANALYSTS & INVESTORS – ir@euronext.com
Investor Relations	Aurélie Cohen	+33 1 70 48 24 17	ir@euronext.com
	Clément Kubiak	+33 1 70 48 26 33	ir@euronext.com

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About Euronext
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.3 trillion in market capitalisation as of end September 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.
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