Euronext-ATHEX Deal A Milestone for Greece’s Financial Future

From the floor of the Greek Parliament, Minister of National Economy and Finance, Kyriakos Pierrakakis, addressed the landmark agreement between Euronext and the Hellenic Exchanges (HELEX) – Athens Stock Exchange Group (ATHEX Group), framing it as a turning point for Greece’s international economic presence.

“This deal enhances our credibility and upgrades Greece’s standing on the European and global financial map,” the minister stated, adding that it “marks and proves that the Greek economy now inspires confidence among markets and international investors.”

Euronext has submitted a significantly improved offer for the acquisition of ATHEX Group, a move seen not only as symbolically important but also as a development of tangible substance for the Greek capital market. The offer underscores Euronext’s strategic intention to position Greece as a key hub for its expansion across Southeastern Europe and the Balkans.

Revised Offer and Strategic Collaboration

According to an official announcement, the Board of Directors of Hellenic Exchanges – Athens Stock Exchange S.A. informed investors that on July 1, 2025, Euronext submitted a non-binding, conditional share exchange proposal for a public offer to acquire HELEX. The initial offer valued HELEX at 6.90 euros per share, based on a share exchange ratio of 21.029 HELEX shares for each new Euronext share, using market closing prices as of June 30, 2025.

Following a series of negotiations aimed at reaching a strategic cooperation agreement (the “Cooperation Agreement”) between Euronext and HELEX, Euronext presented a revised, non-binding, conditional proposal. The new offer values HELEX shares at 7.14 euros, with an adjusted exchange ratio of 20.000 HELEX shares for each new Euronext share, based on Euronext’s closing price of 142.70 euros on July 30, 2025.

Upon signing the Cooperation Agreement on July 30, 2025, Euronext submitted a voluntary public offer to HELEX’s Board of Directors to acquire all outstanding common shares of the company under the improved terms.

This proposed acquisition, pending regulatory approval, marks a strategic shift for Greece’s financial sector, signaling deeper integration into European markets and greater regional influence.

Source: tovima.com