Euronext bid for Athens bourse becomes unconditional (updated)

Euronext Athens Holding SA

14/11/2025 08:24

Adds details on the offer from paragraph 2

Nov 14 (Reuters) - Pan-European stock exchange operator Euronext ENX.PA said on Friday its tender offer for 100% of Hellenic Exchanges EXCr.AT — the operator of the Athens bourse — had become unconditional, following an approval from the Greek market regulator.

Euronext made the share-exchange offer to buy the company, also known as Athex, in early October, in a move aimed at consolidating European capital markets. It has said fragmentation is one of the reasons behind the gap in Europe's competitiveness against U.S. markets.

Euronext is offering one new share for every 20 shares held by Athex investors.

It recently lowered the acceptance threshold for the acquisition, meaning the minimum percentage of shareholders who must accept the offer for the bid to go through, from 67% to 50% plus one share of the voting rights.

The acceptance period for the tender will end on Monday, with results set to be announced two days later.

(Reporting by Mateusz Rabiega in Gdansk; Editing by Jan Harvey and Milla Nissi-Prussak)

((Mateusz.Rabiega@thomsonreuters.com; +48 58 769 67 57;))