EURONXT said she had obtained an organizational approval to launch her voluntary exchange to acquire all joint registered shares from the Hellenistic Stock Exchange – ATHEX.
The admission period opens on October 6 and will continue until November 17, 2025.
The offer is what Eurnext described as “an important step towards the most integrated and competing capital market in Europe.”
Under the conditions, shareholders will receive a newly released EURONXT share per 20 ATHEX.
Euronx said that the integration of ATHEX into its seven European exchange network, including Paris, Milan and Amsterdam, would integrate Greece into the “largest liquidity group in Europe”.
This step is expected to enhance access to Greek companies and strengthen Athens as a financial center for southeastern Europe.
“The strong economic growth in Greece, with the support of high investment, increasing international confidence, and solid basics, said this moment is the right moment to enhance its market,” said Stefan Boujna, CEO and Chairman of the Eurnext Board of Directors. “By integrating ATHEX into the ecological system of Euronext, Greece will play a major role in this European project.”
ATHEX Board of Directors unanimously approved the offer, as all managers who hold shares are obligated to submit them.
EURONEXTT expects that the treatment will be born annually in the cost of 12 million euros by 2028 and to be a accumulation of shareholders during the first year after completion.
If the offer achieves 90 % acceptance, EURONXT will seek to obtain the remaining shares by making pressure.