Euronext Successfully Completes Acquisition of ATHEX Shares
Euronext N.V. has announced the successful completion of its voluntary share exchange offer aimed at acquiring the ordinary registered shares of Hellenic Exchanges – Athens Stock Exchange S.A.
Completion of the Voluntary Exchange Offer
According to the announcement, Euronext finalized its voluntary share exchange offer submitted on July 30, 2025, to acquire all the ordinary registered shares issued by Hellenic Exchanges – Athens Stock Exchange S.A. (ATHEX). The offer included a new issue consideration share by Euronext for each ATHEX share. During the acceptance period, which ended on November 17, 2025, 1,962 shareholders validly tendered 42,953,405 ATHEX shares, representing approximately 74.25% of ATHEX’s non-suspended voting rights.
Regulatory Approvals
On November 13, 2025, the Hellenic Capital Market Commission (HCMC) approved the direct and indirect control changes related to the acquisition, including for ATHEX, ATHEXCSD, and ATHEXClear. These approvals also covered the participation of Euronext Reference Shareholders in ATHEX, ATHEXCSD, and ATHEXClear, ranging from 20% to 50%. The RAEWW authority and the HCMC also validated the control change due to the participation in HenEx and EnExClear.
Share Transfer and Listing Schedule
Euronext will begin the transfer of the validly tendered ATHEX shares on November 24, 2025. The consideration shares will be issued on November 21, 2025, and are expected to be listed on Euronext Amsterdam, Euronext Brussels, Euronext Lisbon, and Euronext Paris starting from November 24, 2025. Former ATHEX shareholders should receive their consideration shares on the same day. Euronext will inform investors of any potential changes to this schedule through an announcement on its website as well as that of the Athens Exchange Group.
