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Euronext Proposes Nearly €400 Million Takeover of Athens Stock Exchange With Greek Ministry Support, Valued at 10.6x EBITDA

18 posts • GPT (4.1 mini)

Updated Jul 2, 2025, 10:19 AM

Euronext, the largest European stock exchange operator, has submitted a non-binding offer to acquire the Athens Stock Exchange (ATHEX) in a deal valued at nearly 400 million euros. The proposal aims to integrate the Greek capital markets more closely with the Eurozone, enhancing their international development and positioning Athens within a broader European financial strategy. The Greek Ministry of Finance and the Ministry of Development have expressed a positive stance on the potential acquisition, viewing it as a vote of confidence in the Greek economy and a step toward greater internationalization of Greek capital markets. Euronext currently operates stock exchanges in seven countries and manages shares of approximately 2,000 listed companies.

The offer values ATHEX at about 10.6 times its estimated earnings before interest, taxes, depreciation, and amortization (EBITDA) for the current year. Market analysts note that the premium offered by Euronext is modest, providing limited incentive for major shareholders to sell, given the steady dividends they currently receive. The deal is seen as a milestone for the Greek market, potentially increasing liquidity and investor confidence, with expectations of a possible increase in the offer price. Euronext's acquisition would mark a new era for the Athens Stock Exchange, aligning it more closely with the broader European financial ecosystem.

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#Euronext #European #Athens Stock Exchange #ATHEX #Greek #Eurozone #Athens #Greek Ministry of Finance #Ministry of Development

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Sources

ebx.sh(7)ekathimerini.com(4)iefimerida.gr(4)parapolitika.gr(3)

capital.gr

@capitalgr

MR. Chatzidakis: Vote of confidence in the proposal to acquire HA from Euronext #capitalgr

ΤΟ ΒΗΜΑ

@tovimagr

Euronext: Where it aims with the bid to acquire the Athens Stock Exchange

Yiannis Patrikakis

@patrikakis

Small the premium offered by euronext for EHAE. Little incentive for the main shareholders of the exchange to sell at this level since they receive stable dividends.