Euronext is in discussions to purchase up to 100% of the Athens Stock Exchange in a 399 million euro ($470 million) all-share deal, according to Reuters.
The move would mark the latest expansion for the pan-European exchange operator, which already runs markets in France, the Netherlands and other countries.
On Tuesday, Euronext announced plans to offer one new share for every 21 shares held by Athens Stock Exchange (ATHEX) investors, valuing ATHEX stock at 6.90 euros per share. ATHEX shares closed at 6.03 euros on Tuesday.
The Greek Finance Ministry endorsed the offer, stating it views a potential 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,” the ministry said in a statement.
The deal aligns with Euronext’s strategy to consolidate European capital markets, as it blames market fragmentation for a competitiveness gap with U.S. exchanges. Since January, Euronext has introduced a European Common Prospectus and partnered with Deutsche Boerse to curb the trend of European companies opting for U.S. listings.
ATHEXGROUP operates Greece’s capital market, facilitating trading in equities, derivatives, bonds and ETFs. It also provides clearing, settlement and securities registry services, along with market and energy exchange solutions — all in compliance with European regulations and international standards.
The Athens Exchange Group operates organized markets for stocks, derivatives, bonds, and ETFs, supported by a robust infrastructure that ensures transparent, reliable, and efficient trading.
A comprehensive suite of post-trade services is available for issuers, members, and investors, delivering automated, efficient solutions aligned with international best practices.
Accurate and timely market data plays a pivotal role in investment decisions. The Athens Stock Exchange leverages its data assets to empower stakeholders with actionable insights.
Cutting-edge technical infrastructure enables the Athens Exchange Group to provide a full range of digital technology solutions, supporting both domestic and international clients.
Financial education is a key priority, with specialized training seminars offered through ATHEX Academy to strengthen market literacy.
2024 Key Metrics
| Metric | 2024 Performance | YoY Change |
|---|---|---|
| Turnover | €54.3M | +15.3% |
| EBITDA | €23.7M | +24.7% |
| Consolidated Net Profit | €17.3M | +33.1% |
| Total Capital Raised | €2.2B | +26.4% |
| Avg. Daily Trading Value | €139.8M | +25.9% |
| Avg. Market Cap | €99.7B | +23.5% |
| General Index | 1,469.67 points | +13.7% |
| Alternative Market Index | 15,097.42 points | +61.4% |