Euronext wins approval for €413 million takeover of Athens stock exchange

Euronext, the operator of stock exchanges in Amsterdam, Paris, Milan, and Brussels, has secured enough support to complete its takeover of ATHEX, the company behind the Athens Stock Exchange, in a deal valued at roughly 413 million euros in shares.

Euronext anticipates that integrating ATHEX into its existing exchange platforms will generate cost savings of about 12 million euros annually through 2028.

Shareholders representing nearly three-quarters of ATHEX’s voting rights approved the takeover proposal, surpassing the simple majority required for the deal to succeed. The board of the Athens exchange also backed the offer.

The Greek government expressed support for the transaction. Finance Minister Kyriakos Pierrakakis described the acquisition as “one of the largest investments in Greece in recent years” and said it would provide Greek companies with greater access to international investors.

Regulatory authorities had previously approved the takeover. Euronext confirmed that this regulatory clearance means the deal can proceed.