Euronext, Europe’s largest stock exchange group, has submitted a takeover offer to Athex Group for the acquisition of the Athens Stock Exchange. The company confirmed that discussions are underway for the potential purchase of up to 100% of the exchange.
Headquartered in Paris and led by CEO Stephane Boujnah, Euronext operates markets across Belgium, France, Ireland, Italy, the Netherlands, Norway, and Portugal. It is listed on the Amsterdam Stock Exchange, with transaction clearing based in Rome.
Euronext facilitates trading of approximately 2,000 listed companies, with a combined market capitalization exceeding €6.6 trillion.
Euronext’s interest in the Athens Stock Exchange reflects its strong confidence in the Greek economy and the opportunities presented by further integrating Greece’s capital markets into the broader Eurozone and European Union financial landscape.
The proposed initiative by Euronext has the backing of the Greek government, with both Prime Minister Kyriakos Mitsotakis and Economy and Finance Minister Kyriakos Pierrakakis reportedly kept informed from the outset, according to Kathimerini sources.
Government officials emphasize, however, that the matter concerns a transaction between private entities, and while the development is viewed positively, no further comment will be made.
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This story has been updated.
