Euronext today has published a response to recent speculations of the press.
Euronext has confirmed that it has concluded discussions with the Board of Directors of the Greek Stock Exchange SA. (“Athex”), the Greek Capital Markets exploitation, on a possible bid for up to 100% of Athex shares.
This possible bid would be structured as an exchange of shares that estimates Athex at € 6.90 per share, leading to a fixed Athex of 21,029 ordinary shares for each new Euronext share. Based on the Euronext stock price of € 145.10 from June 30, 2025, the possible offer would estimate the entire version and a common share capital of Athex at € 399 million will be issued on a fully diluted basis.
Submitting an offer will be mainly subject to proper diligence.
A possible combination with ATHEX will achieve Euronext’s ambition to consolidate European capital markets with growth and synergy opportunities. The combined team would promote the harmonization of European capital markets, running to a consolidated transaction technology and after trade and operating in a cross -border liquidation framework.
Euronext is the largest liquidity team in Europe, managing about 25% of Europe’s trade and operating markets in large economic hubs such as Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris. A potential combination would allow participants in the Greek financial markets to participate in a network of over 1,800 listed companies with a combined market capitalization of more than € 6 trillion. Euronext’s only history to integrate market infrastructure is ideal for enhancing the growth and attractiveness of Greek markets internationally and for the creation of efficiency and competitiveness throughout the team.
Euronext said:
“Euronext’s interest in Athex reflects Euronext’s strong confidence in the development of the Greek economy and the growth potential of further integration of Greek capital markets into the eurozone and the European Union. If any, in a due time.”