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CORRECTING and REPLACING – BitMEX Report Finds Crypto Perpetuals Enter Post-Yield Era

In a release issued under the same headline earlier today by BitMEX, please note that the link to the blog in the ninth paragraph has changed. The corrected release follows:

VICTORIA, Seychelles, Jan. 08, 2026 (GLOBE NEWSWIRE) — BitMEX, one of the safest exchanges, today released its end–of–year research report, “State of Crypto Perpetual Swaps 2025,” outlining five core insights that defined a turbulent year for the global crypto derivatives market. The report examines how structural stress, liquidity shocks and the breakdown of once–reliable trading strategies reshaped perpetual swaps in 2025.

According to the report, the most significant event of the year was the Oct. 10 to 11 market crash, which triggered an estimated $20 billion liquidation cascade. BitMEX analysis shows that auto–deleveraging mechanisms across multiple exchanges disrupted delta–neutral strategies, forcing professional market makers to reduce liquidity and leaving order books at their thinnest levels since 2022.

“2025 marked a turning point where market structure mattered more than market direction,” said Stephan Lutz, CEO of BitMEX. “The events of October showed that even sophisticated, historically neutral strategies can fail when exchange risk engines are stressed, and that resilience now depends on transparent systems and disciplined risk management.”

The report also finds that funding rate arbitrage, once considered a reliable source of passive yield, became increasingly crowded. As exchange–native delta–neutral products expanded, funding rates compressed sharply, with yields falling toward 4 percent and often below prevailing U.S. Treasury rates by mid–year.

Beyond market mechanics, the report highlights a growing trust divide between fair matching exchanges and so–called B–Book platforms. BitMEX researchers observed multiple incidents in which profitable traders faced trade reversals or account restrictions under “abnormal trading” clauses, reinforcing the importance of understanding counterparty risk.

“Where traders choose to execute has become as important as the strategy itself,” Lutz said. “As derivatives markets mature, participants are demanding venues that prioritize fair matching, clear rules and accountability, particularly during periods of market stress.”

The report also examines the rise of perpetual decentralized exchanges, noting increased innovation alongside new vulnerabilities such as targeted liquidation attacks and oracle manipulation. At the same time, BitMEX identifies emerging product categories, including equity perpetuals and funding rate trading, as signs of continued evolution in the derivatives landscape. Earlier this week, it launched Equity Perps, giving traders 24/7 access to 10 US stocks and indices.

Looking ahead, BitMEX concludes that the era of easy yield has ended, but that innovation in product design and market structure is accelerating. The firm expects continued convergence between crypto and traditional markets, with derivatives increasingly used to access global assets on a 24/7 basis.

The full “State of Crypto Perpetual Swaps 2025” report is available on the BitMEX blog.

About BitMEX

BitMEX is the OG crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs with low latency, deep crypto native and especially BTC liquidity, and unmatched reliability.

Since its founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade with confidence that their funds are secure and that they have access to the products and tools required to be profitable.

BitMEX was also among the first exchanges to publish on–chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week, providing assurance that customer funds are safely stored and segregated.

For more information, users can visit the BitMEX Blog or www.bitmex.com and follow Discord, Telegram and Twitter.

Media Contact
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/15fba643–2895–44b6–9a8d–2beeae86f7a9


GLOBENEWSWIRE (Distribution ID 1001158333)

BitMEX Report Finds Crypto Perpetuals Enter Post-Yield Era

VICTORIA, Seychelles, Jan. 08, 2026 (GLOBE NEWSWIRE) — BitMEX, one of the safest exchanges, today released its end–of–year research report, “State of Crypto Perpetual Swaps 2025,” outlining five core insights that defined a turbulent year for the global crypto derivatives market. The report examines how structural stress, liquidity shocks and the breakdown of once–reliable trading strategies reshaped perpetual swaps in 2025.

According to the report, the most significant event of the year was the Oct. 10 to 11 market crash, which triggered an estimated $20 billion liquidation cascade. BitMEX analysis shows that auto–deleveraging mechanisms across multiple exchanges disrupted delta–neutral strategies, forcing professional market makers to reduce liquidity and leaving order books at their thinnest levels since 2022.

“2025 marked a turning point where market structure mattered more than market direction,” said Stephan Lutz, CEO of BitMEX. “The events of October showed that even sophisticated, historically neutral strategies can fail when exchange risk engines are stressed, and that resilience now depends on transparent systems and disciplined risk management.”

The report also finds that funding rate arbitrage, once considered a reliable source of passive yield, became increasingly crowded. As exchange–native delta–neutral products expanded, funding rates compressed sharply, with yields falling toward 4 percent and often below prevailing U.S. Treasury rates by mid–year.

Beyond market mechanics, the report highlights a growing trust divide between fair matching exchanges and so–called B–Book platforms. BitMEX researchers observed multiple incidents in which profitable traders faced trade reversals or account restrictions under “abnormal trading” clauses, reinforcing the importance of understanding counterparty risk.

“Where traders choose to execute has become as important as the strategy itself,” Lutz said. “As derivatives markets mature, participants are demanding venues that prioritize fair matching, clear rules and accountability, particularly during periods of market stress.”

The report also examines the rise of perpetual decentralized exchanges, noting increased innovation alongside new vulnerabilities such as targeted liquidation attacks and oracle manipulation. At the same time, BitMEX identifies emerging product categories, including equity perpetuals and funding rate trading, as signs of continued evolution in the derivatives landscape. Earlier this week, it launched Equity Perps, giving traders 24/7 access to 10 US stocks and indices.

Looking ahead, BitMEX concludes that the era of easy yield has ended, but that innovation in product design and market structure is accelerating. The firm expects continued convergence between crypto and traditional markets, with derivatives increasingly used to access global assets on a 24/7 basis.

The full “State of Crypto Perpetual Swaps 2025” report is available on the BitMEX blog.

About BitMEX

BitMEX is the OG crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs with low latency, deep crypto native and especially BTC liquidity, and unmatched reliability.

Since its founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade with confidence that their funds are secure and that they have access to the products and tools required to be profitable.

BitMEX was also among the first exchanges to publish on–chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week, providing assurance that customer funds are safely stored and segregated.

For more information, users can visit the BitMEX Blog or www.bitmex.com and follow Discord, Telegram and Twitter.

Media Contact
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/15fba643–2895–44b6–9a8d–2beeae86f7a9


GLOBENEWSWIRE (Distribution ID 1001158221)

BitMEX Launches Equity Perps for 24/7 Stock Trading

VICTORIA, Seychelles, Jan. 06, 2026 (GLOBE NEWSWIRE) — BitMEX, one of the safest exchanges, today announced the launch of Equity Perps, a new derivatives product that allows traders to gain exposure to major U.S. stocks and equity indices using cryptocurrency as collateral. The launch expands BitMEX’s product suite beyond crypto–native markets, enabling 24/7 trading on traditional equity benchmarks, including when U.S. stock markets are closed.

Equity Perps are cash–settled perpetual swap contracts that track the price of individual U.S. stocks or indices and do not have an expiry date. Similar to BitMEX’s existing crypto perpetuals, the contracts use a funding rate mechanism to anchor prices to the underlying reference index. Traders can take long or short positions with up to 20x leverage, using assets such as Bitcoin or Tether as margin collateral.

“Equity Perps give traders a more flexible way to access U.S. equity markets using crypto,” said Stephan Lutz, CEO of BitMEX. “By removing traditional market hours and allowing crypto collateral, we are extending our derivatives expertise to a broader set of global markets while maintaining the reliability and performance BitMEX is known for.”

At launch, Equity Perps are available on a selection of widely traded U.S. stocks and indices, including Amazon, Apple, Circle, Coinbase, Meta, Nvidia, Robinhood, Tesla, the S&P 500, and the Nasdaq. BitMEX plans to expand the range of available contracts over time. Trading is open 24/7, with index pricing during U.S. market hours based primarily on real–time equity prices and, outside those hours, supported by tokenized spot prices from multiple exchanges.

All Equity Perps trades on BitMEX feature a maker rebate of 2.5 basis points and a taker fee of 7.5 basis points. Funding is exchanged every eight hours, consistent with BitMEX’s existing perpetual swap products, regardless of U.S. equity market hours. In the event of corporate actions such as stock splits, affected contracts will be settled early and relisted once the action is complete.

To mark the launch, BitMEX is offering a 70,000 USDT prize pool for eligible users who trade Equity Perps, alongside maker rebates on all Equity Perps contracts. Additional educational resources and product guides are available through the BitMEX website and blog.

About BitMEX

BitMEX is the OG crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs with low latency, deep crypto native and especially BTC liquidity and unmatched reliability.

Since its founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade with confidence that their funds are secure and that they have access to the products and tools required to be profitable.

BitMEX was also among the first exchanges to publish on chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week, providing assurance that customer funds are safely stored and segregated.

For more information, users can visit the BitMEX Blog or www.bitmex.com and follow Discord, Telegram and Twitter. For further inquiries, please contact [email protected].

Media Contact

BitMEX Press

[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d4b16bbb–2799–4091–a181–bab1f01bde72


GLOBENEWSWIRE (Distribution ID 1001157828)

BitMEX Launches Year-End Gala: Win from a 3.5 BTC Prize Pool

VICTORIA, Seychelles, Dec. 18, 2025 (GLOBE NEWSWIRE) — BitMEX, one of the safest crypto exchanges, announced today the launch of its Year End Gala, allowing traders to compete for their share of a 3 BTC prize pool, in addition to 0.5 BTC in bonus rewards with 5 Sony Playstation 5 Pros available through a lucky draw.

The competition will run from 18 December 2025 at 12:00 AM (UTC) to 16 January 2026 at 11:59 PM (UTC). Users can participate in the competition anytime during the campaign period.

Rewards will be distributed across three leaderboards:

  • Highest Trading Volume: 80% of the total prize pool will be shared by the Top 100 Traders ranked by trading volume
  • Highest PnL: 10% of the total prize pool will be shared by the Top 100 Traders ranked by PnL
  • Highest ROI%: 10% of the total prize pool will be shared by the Top 100 Traders ranked by ROI%

To participate in the Year End Gala, traders must be fully verified on BitMEX. Competition details and registration can be found here.

About BitMEX
BitMEX is the OG crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs through low latency, deep crypto native liquidity and unmatched reliability.

Since its founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure. So too that they have access to the products and tools they require to be profitable.

BitMEX was also one of the first exchanges to publish their on–chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week – proving assurance that they safely store and segregate the funds they are entrusted with.

For more information on BitMEX, please visit the BitMEX Blog or www.bitmex.com, and follow Telegram, Twitter, Discord, and its online communities. For further inquiries, please contact [email protected].

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ef08295d–3360–4fa7–b386–773da118a2fe


GLOBENEWSWIRE (Distribution ID 1001145583)

BitMEX Debuts New Mobile Trading Experience With Intuitive Design and Controls

VICTORIA, Seychelles, Dec. 11, 2025 (GLOBE NEWSWIRE) — BitMEX, one of the safest crypto exchanges, today announced significant upgrades to its mobile app, introducing a redesigned interface and new interaction model intended to support faster, clearer and more intuitive crypto derivatives trading on the go. The update delivers a streamlined user experience that prioritizes instant reactions, simplified order flows and improved access to essential trading tools.

“The redesigned BitMEX Mobile app represents an important step in our commitment to provide traders with faster, clearer, and more intuitive tools,” said Stephan Lutz, CEO of BitMEX. “We built this experience to match the pace and precision our users demand, and to simplify how they interact with the full power of BitMEX.”

The upgraded BitMEX Mobile app features a lighter, more focused UI that highlights the information hierarchy and reduces visual noise. Traders can now use faster gesture–driven controls, including “Swipe to Close,” which lets users close positions with a single movement. The Quick Trade flow has also been redesigned to help users enter the market with fewer taps and greater clarity.

Additional enhancements include a simplified KYC process, one–click fiat–to–crypto purchases and improved navigation of markets and account actions through gesture–based controls. Users can access more than 80 derivatives contracts with low latency along with trading bots, copy trading capabilities, instant crypto purchases, and zero fee crypto conversions.

“We see mobile trading as central to the future of derivatives markets,” Lutz said. “Derivatives trading relies on precision and fast decision making, and a well designed mobile experience can support that. This upgrade lays the groundwork for a smarter and more seamless environment, and we will continue to refine every detail that helps traders act with confidence in real time.

The relaunch of the BitMEX Mobile app marks the first step in a broader series of product improvements that will roll out over the coming months. BitMEX will continue to focus on enhancing execution, simplifying complexity, and expanding access to advanced trading tools for users worldwide. More details on the new changes can be found here.

About BitMEX

BitMEX is the OG crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs with low latency, deep crypto native and especially BTC liquidity and unmatched reliability.

Since its founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade with confidence that their funds are secure and that they have access to the products and tools required to be profitable.

BitMEX was also among the first exchanges to publish on chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week, providing assurance that customer funds are safely stored and segregated.

For more information, users can visit the BitMEX Blog or www.bitmex.com and follow Discord, Telegram and Twitter. For further inquiries, please contact [email protected].

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cfa3be3b–d50d–4689–949a–309da56f286f


GLOBENEWSWIRE (Distribution ID 1001144248)

BitMEX Integrates Mercuryo On-ramp to Introduce Fiat-to-Crypto Conversion

VICTORIA, Seychelles, Dec. 09, 2025 (GLOBE NEWSWIRE) — BitMEX, one of the safest crypto exchanges, announced today the launch of fiat–to–crypto on–ramps on its platform through a partnership with Mercuryo, a global payment infrastructure platform. The introduction of this feature will enable users on the exchange to purchase cryptocurrency using a variety of fiat currencies.

The availability of Mercuryo’s on–ramps on BitMEX will simplify the onboarding of new users, streamlining the process of converting fiat assets such as USD into digital tokens to use for trading on the platform.

Payment methods accepted via the BitMEX–Mercuryo integration include credit cards, bank transfer, Apple Pay, and Google Pay. More than 30 fiat currencies are supported through the integration, available to traders in all eligible jurisdictions*.

The integration will allow user accounts to be credited with their chosen cryptocurrency in a matter of minutes. With the payment gateway directly integrated into BitMEX, users can convert their fiat into crypto to support their trading on BitMEX’s spot and futures markets, including bitcoin (BTC), Ethereum (ETH) and Solana (SOL).

“The integration of Mercuryo’s on–ramps on the BitMEX platform provides our users with a robust and intuitive means of converting fiat into the cryptocurrency of their choice,” said Raphael Polansky, Chief Growth Officer at BitMEX. “The user experience (UX) is everything in crypto and Mercuryo has proven expertise in delivering an optimum on–ramp experience.”

“The integration of Mercuryo’s on–ramps gives BitMEX traders the convenience of a trusted gateway wrapped in a familiar interface,” said Petr Kozyakov, Co–Founder and CEO at Mercuryo. “This is an important step towards enhancing the trading experience for millions of BitMEX’s global users.”

For more information on the new fiat–to–crypto conversion feature on BitMEX, visit this page.

About BitMEX

BitMEX is the OG crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs through low latency, deep crypto native liquidity and unmatched reliability.

Since its founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure. So too that they have access to the products and tools they require to be profitable. BitMEX was also one of the first exchanges to publish their on–chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week – proving assurance that they safely store and segregate the funds they are entrusted with.

For more information on BitMEX, please visit the BitMEX Blog or www.bitmex.com, and follow Telegram, Twitter, Discord, and its online communities. For further inquiries, please contact [email protected].

About Mercuryo

Mercuryo is a first–mover and innovator in the fast–evolving Web3 space, providing a variety of payment solutions along with integrated on–chain functionality. Mercuryo's intuitive solutions are simplifying the experience for newcomers to the digital token space. Since 2018, Mercuryo has proudly partnered with industry leaders such as MetaMask, Trust Wallet, Ledger, 1inch, PancakeSwap, and more, with plans to expand further as we continue to innovate with our stack of products.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/39a40ee5–a009–459b–ac18–6613dfa7080b


GLOBENEWSWIRE (Distribution ID 1001143814)

Cochin Shipyard to build next-generation electric TRAnsverse tugs for Svitzer

Cochin, India and Copenhagen, Denmark – 8 December 2025. Svitzer, a leading global towage provider, and Cochin Shipyard Limited (CSL), India’s largest public sector shipyard, have signed a shipbuilding agreement for four 26–metre electric TRAnsverse (“TRAnsverse 2600e”) tugs to be constructed in India for Svitzer’s global fleet renewal and growth plans. 

The agreement confirms a Letter of Intent signed in October 2025 at India Maritime Week and marks the move from intent to a contracted new build agreement. 

Under the agreement, CSL will build a minimum of four battery–electric TRAnsverse 2600e tugs for Svitzer, with an option for up to four additional vessels. The tugs will be constructed to Svitzer’s specifications at CSL’s facilities in Cochin to serve as global fleet renewal and advancement in operations worldwide. The vessels complement a wider newbuilding program of the TRAnsverse tug design, cementing Svitzer’s confidence in the vessel’s capabilities while also opening opportunities for future deployment in Indian ports and terminals. 

The deal brings together Svitzer’s global expertise in sustainable towage solutions with CSL’s proven shipbuilding capabilities, skilled workforce and local innovation. It supports India’s ambition to become a global maritime manufacturing and skills hub under Maritime India Vision 2030, Maritime Amrit Kaal Vision 2047 and the “Make in India” initiative.  

The TRAnsverse 2600e tugs are the electric version of the next–generation tug design proving itself as the world’s most advanced and efficient tug. The ‘Swiss Army Knife’ of tugs: the TRAnsverse design can operate in complex and close–quarter operating contexts, with all ship types and sizes in challenging weather and tidal conditions. The vessels will feature battery–electric propulsion and offer port and terminal operations zero direct emissions during harbour operations when charged from green power sources.  

The tug’s patented staple with double–ended hull and in–line propulsion with omni–directional thrust expands the dynamic operating envelope in towage of up to 50%.   

Kasper Karlsen, Chief Operating Officer, Svitzer, said: 
“This contract with Cochin Shipyard for our next series of electric TRAnsverse tugs reflects our commitment to Make in India and to support port and terminal operations in their green transition and decarbonisation objectives.  

 “India has strong shipbuilding capabilities and a highly skilled workforce. Through this collaboration with CSL, we are not only investing in a series of advanced tugs for our own operations – we are also helping to build capacity for world–class, low– and zero–emission tug construction in India – signalling our trust in India’s existing capability and maritime vision. 

We welcome the opportunity to work closely with the CSL team to deliver these vessels and, in doing so, to support the goals of Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047 in a very practical way.” 

Dr Harikrishnan S, Operations Director, Cochin Shipyard Limited, said: 
“We look forward to delivering the next generation of tug, the TRAnsverse 2600e, drawing on CSL’s skilled workforce and our track record in complex, high‑spec vessels. This agreement represents a natural expansion of our capabilities into advanced tug design and the industrialisation of battery‑electric and future‑fuel‑ready technologies in India. 

The programme will deepen our expertise in electric propulsion, high‑precision manoeuvring systems and integrated digital solutions for ports and terminals, while creating opportunities for our engineers, designers and local supply chain. 

As a Government of India company, we remain committed to Make in India and to the decarbonisation of maritime transport. Together with Svitzer, our goal is to deliver a world‑class asset with significant decarbonisation credentials for ports in India and around the world.” 

The first four vessels under the agreement are expected to enter construction over the coming months, with the first delivery targeted no earlier than late 2027 / early 2028, subject to detailed design, yard scheduling and regulatory approvals. Further vessels may follow in line with Svitzer’s fleet renewal plans and customer demand. 

Notes to editors 

  • Number of tugs under firm order: 4 (plus options for up to 4 additional vessels) 
  • Tug design: TRAnsverse 2600E (26 m, electric) 
  • Builder: Cochin Shipyard Limited, Cochin, India 
  • Owner / operator: Svitzer 
  • Expected initial deployment regions: Northern Europe, South America, Australia 
  • Delivery timeline: first vessel targeted from late 2027 / early 2028; subsequent vessels thereafter 

—– 

About Svitzer 

Svitzer is a leading global towage and marine services provider. Its core business is to assist large seagoing vessels as they manoeuvre in and out of ports and terminals. With a fleet of around 450 vessels, Svitzer’s services form a critical part of port infrastructure worldwide. Founded in 1833, the company today serves approximately 2,000 customers in more than 140 ports and 40 terminals across 37 countries. Learn more at svitzer.com. 

About Cochin Shipyard Limited (CSL) 

Cochin Shipyard Limited (CSL) is India’s largest public sector shipyard by dock. Incorporated in 1972 and listed on both the BSE and NSE, CSL has established itself as a leader in shipbuilding and ship repair, capable of constructing ships up to 110,000 DWT and repairing vessels up to 125,000 DWT. The yard in Kochi has delivered some of India’s largest commercial vessels and the country’s first indigenous aircraft carrier for the Indian Navy, and is consistently rated among the top public sector undertakings in India 

Attachments


GLOBENEWSWIRE (Distribution ID 1001143477)

North Atlantic France SAS successfully completes the acquisition of a controlling stake in Esso Société Anonyme Française SA and of 100% of ExxonMobil Chemical France SAS, two independent companies of the ExxonMobil group

Paris, FRANCE, Nov. 28, 2025 (GLOBE NEWSWIRE) —

North Atlantic France SAS successfully completes the acquisition of a controlling stake in Esso Société Anonyme Française SA and of 100% of ExxonMobil Chemical France SAS, two independent companies of the ExxonMobil group

  • Successful completion of the acquisition by North Atlantic France SAS (“North Atlantic France”) of the 82.89% controlling interest of ExxonMobil France Holding SAS (“ExxonMobil”) in French listed company Esso Société Anonyme Française SA (“Esso S.A.F.”) at €26.19 per share and 100% of unlisted company ExxonMobil Chemical France SAS (“EMCF”)
  • Clearance of both French Foreign Direct Investment authorization and EU Foreign Subsidies Regulation
  • Esso S.A.F. now operating under its new name: North Atlantic Energies
  • North Atlantic reaffirms its long–term commitment to the Gravenchon site, its employees, and France’s energy and industrial future
  • Mandatory tender offer to be launched for the remaining Esso S.A.F. shares at €28.931 per share

Paris, FRANCE – November 28, 2025 – North Atlantic France today announces the successful closing of its acquisition of an 82.89% controlling interest in Esso S.A.F. at €26.19 per share and 100% of EMCF from ExxonMobil following a competitive auction process initiated in 2024.

The transaction has received all required regulatory approvals, including French foreign direct investment authorization and clearance under the EU Foreign Subsidies Regulation. As of today’s closing, Esso S.A.F. is renamed North Atlantic Energies, paving the way for the beginning of a new chapter for a key player of France’s energy and industrial landscape.

Ted Lomond, President and CEO of North Atlantic Group, said:

“This acquisition represents a major step forward in North Atlantic’s international expansion. Over the past four decades, we have successfully transformed and operated complex industrial assets across Canada, combining safety, performance, and sustainability. We bring that same commitment to France, where we aim to invest for the long term and support the energy transition. With the creation of North Atlantic Energies, we are proud to establish a bridge between North America and Europe which reflects our ambition to build a premier transatlantic energy group.”

Simon Fenner, President of North Atlantic France, added:

“Today marks the start of a new chapter for North Atlantic Energies, and a strong signal of our long–term confidence in the Gravenchon site and its teams. I am proud of all the teams involved in making this transition a success, and of our shared ambition to strengthen Gravenchon’s position as a world–class industrial platform in the years to come. We see major opportunities to invest, to grow, and to contribute to the vitality of the Normandy region and to France’s energy and industrial future.”

North Atlantic will ensure that North Atlantic Energies sustains its commitment to maintaining the highest standards of product quality and service, and to sustaining trusted relationships with its customers across France and beyond. North Atlantic Energies will also continue to collaborate with ExxonMobil under long–term supply and technology agreements that ensure operational continuity while supporting innovation and reliability.

Next steps

In accordance with French securities law, North Atlantic France will implement a simplified tender offer (the “Offer”) for the remaining North Atlantic Energies shares not already held by North Atlantic France, at an Offer price of €28.93 per share. In this context, and as previously disclosed, the board of directors of Esso S.A.F, now North Atlantic Energies, has appointed Ledouble SAS, represented by Ms. Agnès Piniot and Mr. Romain Delafont, as an independent expert to issue a fairness opinion on the financial terms of the Offer which North Atlantic France intends to file with the AMF upon completion of the independent expert's work. North Atlantic France also intends to implement a squeeze–out procedure if the conditions are met at the end of the Offer.

MEDIA CONTACTS

France: Brunswick Group – [email protected]
Hugues Boëton: +33 6 79 99 27 15
Paul Priam: +33 6 84 39 09 89

Canada: Mark Duggan – [email protected]
+1–709–687–3136

ABOUT NORTH ATLANTIC
For nearly four decades, North Atlantic has been a market leader in the retail gas and convenience sector, as well as the residential, commercial, and wholesale fuel industries in Newfoundland and Labrador. Recently, through a joint venture with Suncor Energy, North Atlantic expanded its retail division into Nova Scotia and Prince Edward Island, through North Sun Energy. As managing partner, North Atlantic operates 110 fuel retail sites across all three provinces. North Atlantic has ambitious plans for future growth and development in strategic locations across the region.

Known for its expertise in acquiring and delivering exceptional products, North Atlantic caters to both domestic and industrial sectors while also serving global clients through their marine bunkering distribution channels.

North Atlantic is committed to strategic growth to deliver innovative and green energy solutions aligned with evolving global needs. By driving industry progress, North Atlantic is supporting new skills and new jobs for this dynamic landscape. North Atlantic remains committed to providing exceptional energy, fuel and convenience retail initiatives that enhance customer experience while fostering economic growth in the communities they serve in Canada and beyond.

1 The difference between the €28.93 per share Offer price and the €26.19 per share block purchase price reflects the exclusion, for purposes of the price offered to minority shareholders, of the downward purchase price adjustment agreed with ExxonMobil in respect of certain post‑closing social liabilities, as previously disclosed on September 24, 2025 and November 10, 2025.


GLOBENEWSWIRE (Distribution ID 9593682)

North Atlantic France SAS finalise avec succès l'acquisition d'une participation contrôlante dans Esso Société Anonyme Française SA et de 100 % d’ExxonMobil Chemical France SAS, deux sociétés indépendantes du groupe ExxonMobil

Paris, FRANCE, 28 nov. 2025 (GLOBE NEWSWIRE) —

North Atlantic France SAS finalise avec succès l'acquisition d'une participation contrôlante dans Esso Société Anonyme Française SA et de 100 % d’ExxonMobil Chemical France SAS, deux sociétés indépendantes du groupe ExxonMobil

  • Finalisation avec succès de l'acquisition par North Atlantic France SAS (« North Atlantic France ») de la participation contrôlante de 82,89 % d'ExxonMobil France Holding SAS (« ExxonMobil ») dans la société française cotée Esso Société Anonyme Française SA (« Esso S.A.F. ») au prix de 26,19 € par action et 100 % de la société non cotée ExxonMobil Chemical France SAS (« EMCF »)
  • Obtention de l'autorisation française en matière d'investissements directs étrangers et de l’autorisation au titre du Règlement Européen sur les Subventions Étrangères
  • Esso S.A.F. opère désormais sous sa nouvelle dénomination : North Atlantic Energies
  • North Atlantic réaffirme son engagement à long terme en faveur du site de Gravenchon, de ses employés et de l'avenir énergétique et industriel de la France
  • Offre publique d'achat obligatoire prévue sur les actions restantes d'Esso S.A.F. au prix de 28,93 €1 par action

Paris, FRANCE – 28 novembre 2025 – North Atlantic France annonce ce jour la finalisation avec succès de l'acquisition d'une participation majoritaire de 82,89 % dans Esso S.A.F. au prix de 26,19 € par action et de 100 % d'EMCF auprès d'ExxonMobil au terme d’un processus concurrentiel lancé en 2024.

La transaction a reçu toutes les autorisations réglementaires requises, y compris l'autorisation française en matière d'investissements directs étrangers et l'autorisation au titre du Règlement Européen sur les Subventions Étrangères. À compter de la réalisation de la transaction ce jour, Esso S.A.F. est renommée North Atlantic Energies, ouvrant ainsi la voie au début d'un nouveau chapitre pour un acteur clé du paysage énergétique et industriel français.

Ted Lomond, Président–Directeur Général du groupe North Atlantic, a déclaré :

« Cette acquisition représente une avancée majeure dans l'expansion internationale de North Atlantic. Au cours des quatre dernières décennies, nous avons transformé et exploité avec succès des actifs industriels complexes à travers le Canada, alliant sécurité, performance et durabilité. Nous apportons le même niveau d'engagement en France, où nous souhaitons investir à long terme et soutenir la transition énergétique. Avec la création de North Atlantic Energies, nous sommes fiers d'établir un pont entre l'Amérique du Nord et l'Europe qui reflète notre ambition de construire un groupe énergétique transatlantique de premier plan. »

Simon Fenner, Président de North Atlantic France, a ajouté :

« Ce jour marque le début d'un nouveau chapitre pour North Atlantic Energies et témoigne de notre profonde confiance à long terme dans le site de Gravenchon et ses équipes. Je suis fier de toutes les équipes qui ont contribué à la réussite de cette transition, ainsi que de notre ambition commune de renforcer la position de Gravenchon en tant que plateforme industrielle de rang mondial dans les années à venir. Nous voyons là d'importantes opportunités d'investir, de croître et de contribuer à la vitalité de la région Normandie et à l'avenir énergétique et industriel de la France. »

North Atlantic veillera à ce que North Atlantic Energies respecte son engagement de maintenir les standards les plus élevés en matière de qualité des produits et des services, et d'entretenir des relations de confiance avec ses clients en France et au–delà. North Atlantic Energies continuera également à collaborer avec ExxonMobil dans le cadre d'accords d'approvisionnement et de technologie à long terme qui garantissent la continuité opérationnelle tout en favorisant l'innovation et la fiabilité.

Prochaines étapes

Conformément à la règlementation boursière française, North Atlantic France mettra en œuvre une offre publique d'achat simplifiée (l'« Offre ») sur les actions North Atlantic Energies restantes qui ne sont pas déjà détenues par North Atlantic France, à un prix d’offre de 28,93 € par action. Dans ce contexte, et comme précédemment annoncé, le conseil d'administration d'Esso S.A.F, désormais North Atlantic Energies, a désigné Ledouble SAS, représentée par Madame Agnès Piniot et Monsieur Romain Delafont, en tant qu'expert indépendant chargé d'émettre un avis sur l'équité des conditions financières de l'Offre, que North Atlantic France a l'intention de déposer auprès de l'AMF une fois les travaux de l'expert indépendant finalisés. North Atlantic France a également l'intention de mettre en œuvre une procédure de retrait obligatoire si les conditions en sont remplies à l'issue de l'Offre.

CONTACT MÉDIA

France : Groupe Brunswick – [email protected]
Hugues Boëton – 06 79 99 27 15
Paul Priam – 06 84 39 09 89

Canada : Mark Duggan – [email protected]
1–709–687–3136

À PROPOS DE NORTH ATLANTIC

Depuis près de quatre décennies, North Atlantic est un leader dans le secteur des carburants et des stations–service, opérant également pour les segments résidentiel, commercial ainsi que la vente en gros de carburant à Terre–Neuve–et–Labrador. Récemment, dans le cadre d’une joint–venture avec Suncor Energy, North Atlantic a étendu la présence de ses stations–service à la Nouvelle–Écosse et à l’Île–du–Prince–Édouard, par l’intermédiaire de North Sun Energy. Le groupe North Atlantic exploite 110 stations–service dans les trois provinces. North Atlantic dispose de projets ambitieux de croissance et de développement dans des localisations stratégiques au Canada.

Reconnu pour son expertise dans l’achat et la vente de produits de grande qualité, North Atlantic s’adresse à la fois aux secteurs domestique et industriel, tout en desservant des clients internationaux par le biais de ses canaux de distribution de soutage maritime.

North Atlantic prévoit de poursuivre sa croissance stratégique afin d’offrir des solutions énergétiques innovantes et vertes adaptées à l’évolution des besoins mondiaux. En stimulant les progrès de l’industrie, North Atlantic favorise l’acquisition de nouvelles compétences et la création de nouveaux emplois dans ce paysage dynamique. North Atlantic demeure engagé à proposer des produits et des services (énergie, essence et stations–service) de grande qualité au service de l’amélioration de l’expérience client tout en favorisant la croissance économique dans les collectivités qu’elle dessert au Canada et à l’étranger.

1 La différence entre le prix de l’Offre de 28,93 € par action et le prix d’acquisition du bloc de 26,19 € par action reflète l’exclusion, pour les besoins du prix offert aux actionnaires minoritaires, d’un ajustement à la baisse du prix d’acquisition convenu avec ExxonMobil au titre de pertes liées à certains passifs sociaux postérieurs à la date de réalisation, comme précédemment annoncé le 24 septembre 2025 et le 10 novembre 2025.


GLOBENEWSWIRE (Distribution ID 9593682)

BitMEX Launches the ‘BitMEX Legends’ Campaign With a 5 BTC Prize Pool to Celebrate 11-Year Anniversary

VICTORIA, Seychelles, Nov. 25, 2025 (GLOBE NEWSWIRE) — BitMEX, one of the safest crypto exchanges, recently announced the launch of the ‘BitMEX Legends,’ a global campaign featuring a 5 BTC and 100,000 USDT prize pool to celebrate its 11–year anniversary.

The campaign, which began on 24 November, is available to new, existing, and returning traders on BitMEX. Key highlights of the campaign include:

  • BitMEX Legends Showdown Trading Competition: Users must aim for the highest trading volume, PnL and ROI% to win their share of a 5 BTC prize pool.
  • 11 Missions For 11 Days: By completing daily trading tasks, eligible users can claim up to 121 BMEX across 11 days.
  • 50,000 USDT Referral Bonus: Users must refer friends to sign up for a BitMEX account and place their first trade to win from a 50,000 USDT prize pool.

As an ode to the crypto trading community, BitMEX is also introducing the 11 BitMEX Legends; a list of top traders in BitMEX history commemorated for their influence on the platform and broader industry. From 25 November for 11 days, BitMEX will reveal the identity of each chosen trader on their website.

To participate in the BitMEX Legends campaign, new customers must successfully sign up for a BitMEX account and complete their KYC process. Detailed information on the tasks and rewards can be found here.

Traders interested in joining the BitMEX Legends Showdown Trading Competition can do so here.

About BitMEX
BitMEX is the OG crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs through low latency, deep crypto native liquidity and unmatched reliability.

Since its founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure. So too that they have access to the products and tools they require to be profitable. BitMEX was also one of the first exchanges to publish their on–chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week – proving assurance that they safely store and segregate the funds they are entrusted with.

For more information on BitMEX, please visit the BitMEX Blog or www.bitmex.com, and follow Telegram, Twitter, Discord, and its online communities. For further inquiries, please contact [email protected].

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4681eb0d–f9ea–4005–b4af–b90499b1e142


GLOBENEWSWIRE (Distribution ID 1001140826)