Confirms his interest in redemption of Athens Shipowner The French group Euronext.
Euronext confirms that he has begun discussions with the HELP Board of Directors, the Athens Stock Exchange Manager, about a possible acquisition of up to 100% of ATHEX shares.
This possible bid will be structured as an exchange of shares that will valued ATHEX at € 6.90 per share, leading to a steady € 21,029 shares of the ATHEX for each new Euronext share. Based on the price of Euronext’s stock at EUR 145.10 on June 30, 2025, the possible bid will evaluate the entire issued and the ATHEX shares to be issued at 399 million euros on a fully diluted basis. Bid will be mainly subject to due diligence.
Euronext is the largest liquidity tank in Europe, managing about 25% of cash shares and operating markets in large financial centers such as Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo. One possible combination would allow participants in the Greek financial markets to join a network of over 1,800 listed companies with total market capitalization exceeding 6 trillion euros.
Euronext’s only history in the integration of market infrastructure puts it ideally in enhancing the growth and attractiveness of Greek markets internationally and the creation of effectiveness and competitiveness throughout the group.
EURONEXT’s interest in the ATHEX Stock Exchange reflects Euronext’s strong confidence in the development of the Greek economy and the growth potential derived from the further integration of Greek capital markets into the eurozone and the European Union.
Euronext negotiates the acquisition of the Athens Stock Exchange
Euronext, the largest European Stock Exchange, is in advanced negotiations on the acquisition of the Hellenic Stock Exchange, through the submission of a public proposal to HELEX.
Negotiations are reportedly in good stage, with the Greek government seeing developments positively, as the fact that the Greek stock market will be integrated into the largest European Stock Exchange will have significant benefits for the Greek market, businesses and the economy in general.
These developments come at a time when the Greek Stock Exchange is in the final line for upgrading it to developed markets and, of course, in the Euronext interest in the Athens Stock Exchange, the upgraded image presented in recent years by the Greek stock market and the Greek economy.
Euronext was founded in 2000 with the merger of the stock markets of France, Italy, the Netherlands, Belgium, Ireland, Portugal and Norway and is listed on the Amsterdam Stock Exchange.