Euronext in Talks to Acquire Athens Stock Exchange in Strategic Move

08:29 2/7/2025 - Πηγή: iEfimerida

Euronext NV has entered negotiations to acquire the Athens Stock Exchange (ATHEX), a deal that could integrate Greece’s capital markets more closely with the eurozone and boost their international growth, according to a statement released Tuesday and reported by Bloomberg.

The

proposed acquisition would involve a share swap valuing ATHEX at €6.90 per share, placing the total valuation at approximately €399 million on a fully diluted basis.

Euronext, which operates major exchanges across Europe including France, Italy, Belgium, Ireland, the Netherlands, Norway, and Portugal, said the move reflects its strong confidence in Greece’s economic recovery and the growth potential stemming from deeper integration of Greek markets within the European Union.

The Greek Ministry of National Economy welcomed the development, describing it as a “vote of confidence” in the country’s financial markets and economy. Ten years after capital controls were imposed, the ministry views the potential acquisition as a clear sign of Greece’s stability and progress. It also signals further integration into the European financial system and is expected to enhance international investor trust.

Officials emphasized that if the deal proceeds, the ministry will actively support the integration process to ensure smooth operational alignment. Harmonizing infrastructure, clearing functions, and regulatory oversight with Euronext’s broader network could significantly improve efficiency, transparency, and competitiveness for the Greek market.

The ministry also highlighted plans to upgrade trading technology, relocate key operations, and strengthen cooperation with other European markets in sectors such as energy and debt instruments. “Greece is not just returning—it has already returned and is moving forward with confidence, strategy, and a clear vision for the future,” the ministry said.

The ATHEX board confirmed receipt of Euronext’s unsolicited, non-binding, and conditional offer on July 1, 2025. The board is currently evaluating the proposal from strategic and financial perspectives with its advisors but has yet to engage in direct discussions with Euronext. A formal response is expected in the near future.

This potential acquisition comes amid ongoing efforts to modernize Greece’s financial infrastructure and attract foreign investment, positioning the Athens Stock Exchange as a more integral player in Europe’s capital markets.

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