Latest news with #ATHEX
Reuters
3 days ago
- Business
- Reuters
Euronext in talks to buy Athens Stock Exchange for $470 million
July 1 (Reuters) - Euronext ( opens new tab is in talks to buy up to 100% of the Athens Stock Exchange in a 399 million euro ($470 million) all-share deal that would be the latest for a group that already operates stock markets in countries including France and the Netherlands. Euronext said on Tuesday it planned to offer one new share for every 21 shares held by investors in the Athens Stock Exchange (ATHEX) ( opens new tab, valuing ATHEX stock at 6.90 euros a piece. ATHEX shares closed on Tuesday at 6.03 euros. The Greek Finance Ministry welcomed the offer and said in a statement it views a possible agreement "very positively". "A possible acquisition of the Athens Stock Exchange by Euronext constitutes a practical vote of confidence in the stability and positive course of the Greek economy," it added. A combination with the Greek company would align with Euronext's ambition to consolidate European capital markets as it sees fragmentation as one of the reasons behind a competitiveness gap with U.S. markets. Since the start of the year, Euronext has launched a European Common Prospectus to try to counter a flight of some European initial public offerings to U.S. markets. ($1 = 0.8490 euros) (This story has been corrected to clarify that there is no partnership between Deutsche Boerse and Euronext aimed at countering the migration of some European initial public offerings to U.S. markets, in paragraph 7)
The Star
3 days ago
- Business
- The Star
Greece welcomes Euronext's proposed full acquisition of Athens Stock Exchange
ATHENS, July 2 (Xinhua) -- The Greek government on Tuesday expressed support for a proposed full acquisition of the Athens Stock Exchange (ATHEX) by Euronext, Europe's largest stock exchange operator. In a statement, the Ministry of Economy and Finance said it "takes a very positive view of the potential agreement," describing the offer as "a sign of trust in the stability and positive outlook of the Greek economy." The Paris-based Euronext Group announced on Monday that it had initiated discussions with the board of ATHEX regarding a possible acquisition of 100 percent of the Greek bourse's shares. The proposed transaction, valued at 399 million euros (about 470 million U.S. dollars), would be executed via a share exchange. According to the proposal, based on Euronext's closing share price of 145.10 euros as of June 30, 2025, each 21.029 ATHEX shares would be exchanged for one Euronext share. Euronext noted that the offer remains subject to due diligence and further review. "The combined group would operate on a unified trading and post-trade technology platform and a cross-border clearing framework," the company said. It added that the transaction would contribute to the integration of European capital markets and support the transformation of Greece's financial infrastructure. ATHEX confirmed on Monday that it had received an "unsolicited, non-binding and highly conditional" all-share acquisition proposal from Euronext. The board of ATHEX, together with its financial and legal advisors, is currently assessing the offer from both strategic and financial perspectives. No formal negotiations have yet taken place, the statement said. Founded in 1876, the Athens Stock Exchange is Greece's main securities market. As of 2023, ATHEX hosted approximately 130 listed companies, mainly in the financial, energy, telecommunications and shipping sectors. Its average daily trading volume ranges between 80 million and 100 million euros. According to its official website, Euronext is responsible for around 25 percent of Europe's equity trading and operates exchanges in Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris. The group has over 1,800 listed companies with a combined market capitalization exceeding 6 trillion euros. (1 euro = 1.18 U.S. dollars)
Yahoo
4 days ago
- Business
- Yahoo
Euronext in talks to buy Athens Stock Exchange for $470 million
(Reuters) -Euronext is in talks to buy up to 100% of the Athens Stock Exchange in a 399 million euro ($470 million) all-share deal that would be the latest for a group that already operates stock markets in countries including France and the Netherlands. Euronext said on Tuesday it planned to offer one new share for every 21 shares held by investors in the Athens Stock Exchange (ATHEX), valuing ATHEX stock at 6.90 euros a piece. ATHEX shares closed on Tuesday at 6.03 euros. The Greek Finance Ministry welcomed the offer and said in a statement it views a possible agreement "very positively". "A possible acquisition of the Athens Stock Exchange by Euronext constitutes a practical vote of confidence in the stability and positive course of the Greek economy," it added. A combination with the Greek company would align with Euronext's ambition to consolidate European capital markets as it sees fragmentation as one of the reasons behind a competitiveness gap with U.S. markets. Since the start of the year, Euronext has launched a European Common Prospectus and partnered with Deutsche Boerse to try to counter a flight of some European initial public offerings to U.S. markets. ($1 = 0.8490 euros)
Bloomberg
4 days ago
- Business
- Bloomberg
Euronext Says It's in Talks To Buy Athens Stock Exchange
Euronext NV said it is in talks to buy the Athens stock markets operator, a move it says would help integrate Greek capital markets into the Eurozone and increase their international development. In a statement Tuesday, Euronext said it has entered discussions with the board of directors of Hellenic Exchanges-Athens Stock Exchange S.A., or ATHEX, about a possible offer to acquire as much as 100% of its shares.
Yahoo
4 days ago
- Business
- Yahoo
Euronext statement regarding recent press speculations
Euronext statement regarding recent press speculations Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 1 July 2025 – Euronext notes recent speculations. Euronext confirms that it has entered into discussions with the board of directors of HELLENIC EXCHANGES-ATHENS STOCK EXCHANGE S.A. ('ATHEX'), the Greek capital markets operator, about a possible offer to acquire up to 100% of the shares of ATHEX. This potential offer would be structured as a share exchange valuing ATHEX at €6.90 per share, leading to a fixed conversion rate of 21.029 ATHEX ordinary shares for each new Euronext share. Based on Euronext's share price of €145.10 as of 30 June 2025, the potential offer would value the entire issued and to be issued ordinary share capital1 of ATHEX at €399 million on a fully diluted basis. The submission of an offer would be subject notably to due diligence. As the leading European market infrastructure, Euronext is positioned as the backbone of the European Savings and Investments Union, in the context of a growing need to enhance the European Union's global competitiveness. A potential combination with ATHEX would deliver on Euronext's ambition to consolidate European capital markets with growth and synergy opportunities. The combined Group would foster the harmonization of European capital markets, running on a unified trading and post-trade technology and operating on a cross-border clearing framework. Euronext is the largest liquidity pool in Europe, managing approximately 25% of cash equity trading activity in Europe and operating markets in major financial hubs such as Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris. A potential combination would allow Greek financial markets participants to join a network of over 1,800 listed companies with a combined market capitalisation exceeding €6 trillion. Euronext's unique track record of integrating market infrastructures positions it ideally to boost the development and attractivity of Greek markets internationally and to generate efficiencies and competitiveness across the Group. The interest of Euronext for ATHEX reflects the strong confidence of Euronext in the development of the Greek economy and the growth potential coming from further integration of Greek capital markets into the Eurozone and the European Union. There can be no certainty, at this stage, that this would result in any agreement or transaction nor any offer being made. Euronext confirms that it will stick to its financial discipline and investment criteria policy as defined in its strategic plan. Euronext will communicate material information, if any, in due course. CONTACTS - EURONEXT ANALYSTS & INVESTORS – ir@ Investor Relations Aurélie Cohen +33 6 85 99 86 76 Judith Stein +33 6 15 23 91 97 MEDIA – mediateam@ Europe Aurélie Cohen +33 1 70 48 24 45 Andrea Monzani +39 02 72 42 62 13 Belgium Marianne Aalders +32 26 20 15 01 France, Corporate Flavio Bornancin-Tomasella +33 1 70 48 24 45 Ireland Andrea Monzani +39 02 72 42 62 13 Italy Ester Russom +39 02 72 42 67 56 The Netherlands Marianne Aalders +31 20 721 41 33 Norway Cathrine Lorvik Segerlund +47 41 69 59 10 Portugal Sandra Machado +351 91 777 68 97 GREECE – V+O Communication ao@ Argyro Oikonomou +30 6936026335 ia@ Ioanna Alexopoulou +30 6977403050 About Euronext Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe's leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway and Portugal. As of March 2025, Euronext's regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal host nearly 1,800 listed issuers with €6.3 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 25% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices. For the latest news, go to or follow us on X and LinkedIn. Disclaimer This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided 'as is', without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext's subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at © 2025, Euronext N.V. - All rights reserved. The Euronext Group processes your personal data in order to provide you with information about Euronext (the "Purpose"). With regard to the processing of this personal data, Euronext will comply with its obligations under Regulation (EU) 2016/679 of the European Parliament and Council of 27 April 2016 (General Data Protection Regulation, 'GDPR'), and any applicable national laws, rules and regulations implementing the GDPR, as provided in its privacy statement available at: In accordance with the applicable legislation you have rights with regard to the processing of your personal data: for more information on your rights, please refer to: To make a request regarding the processing of your data or to unsubscribe from this press release service, please use our data subject request form at or email our Data Protection Officer at dpo@ 1 Based on a total number of shares as at 30 June 2025 of 57,850,000, which exclude the number of treasury shares of 2,498,000 Attachment 20250701_Euronext statement
