Euronext acquires 75% stake in GRSS for index franchise expansion and diversifying revenue streams.
Euronext, a leading pan-European market infrastructure, is acquiring a 75% stake in Global Rate Set Systems (GRSS), a service provider for benchmark administrators. The acquisition aims to strengthen Euronext's index franchise, expand its interest rate benchmark and contributed data indices offerings, and diversify its revenue streams. The deal is financed with existing cash and is subject to regulatory approvals, expected to close in Q2 2024.
March 29, 2024
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