Euronext to acquire Global Rate Set Systems to strengthen its index franchise - Seite 2

The transaction complies with Euronext capital allocation policy, with a ROCE expected to exceed WACC between years three to five after closing. The transaction will be fully financed with existing cash and will not impact Euronext’s deleveraging path. The completion of the transaction is expected in Q2 2024 and is subject to the usual regulatory approvals.

• Stéphane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext, said:

“The acquisition of Global Rate Set Systems is a new milestone in broadening the Euronext data and indices offering. Euronext is today one of the leading providers of flagship equity indices, such as the CAC 40, AEX and OBX. This transaction allows us to further expand Euronext’s offering to interest rate benchmark indices and contributed data indices.

GRSS has a strong track record of continued revenue growth and high-quality service. We are glad to welcome to Euronext the existing GRSS management team, who will contribute to taking GRSS to the next step and further globally expand Euronext’s index capabilities.”

• Craig McIvor, Co-founder and Chief Executive Officer of GRSS, said:

“The acquisition by Euronext of a majority stake in GRSS underlines the high quality of its services towards customers. The GRSS management team is very excited about this acquisition and sees strong benefits and growth opportunities arising from being part of Euronext. Euronext already has a leading position in the equity indices space, which GRSS will complement by contributing GRSS’ expertise in interest rate benchmarks and contributed data indices.”

ANALYSTS & INVESTORS – [e-mail]
Investor Relations	Aurélie Cohen	[phone]	[e-mail]
	Clément Kubiak	[phone]	[e-mail]
MEDIA – [e-mail]
Europe	Aurélie Cohen	[phone]	[e-mail]
	Andrea Monzani	[phone]
Amsterdam	Marianne Aalders	[phone]	[e-mail]
Brussels	Marianne Aalders	[phone]	[e-mail]
Dublin	Andrea Monzani	[phone]	[e-mail]
Lisbon	Sandra Machado	[phone]	[e-mail]
Milan, Rome	Ester Russom	[phone]	[e-mail]
Oslo	Cathrine Lorvik Segerlund	[phone]	[e-mail]
Paris, Corporate	Flavio Bornancin-Tomasella	[phone]	[e-mail]
Corporate Services	Coralie Patri	[phone]	[e-mail]

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