Finance
Euronext Rules Out Higher Bid for Athens Bourse
Published by Global Banking & Finance Review®
Posted on October 20, 2025
1 min readLast updated: January 21, 2026
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Published by Global Banking & Finance Review®
Posted on October 20, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleEuronext confirms no increase in its bid for the Athens Stock Exchange, aiming to transform it into a southern Europe financial hub.
(Reuters) -Pan-European exchange operator Euronext said on Monday it remained committed to transforming the Athens Stock Exchange into a financial gateway for southern Europe, but ruled out raising its offer to acquire the Greek bourse.
"We will not increase the price," Euronext Chief Executive Stephane Boujnah told reporters during a press conference in Athens. "So, if the offer is not successful, we will not complete it and we walk away. And that’s life. That’s business life."
Euronext’s current offer proposes an exchange ratio of one new Euronext share for every 20 existing ATHEX shares.
Boujnah also said the group had strong confidence in Greece’s economic trajectory and, if the tender offer succeeds, plans to enhance ATHEX’s appeal by encouraging Greek shipping companies listed abroad to return to the domestic market.
(Reporting by Renee Maltezou; Writing by Antonis Pothitos; Editing by Louise Heavens)
Euronext is a pan-European stock exchange that operates markets in Amsterdam, Brussels, Dublin, Lisbon, and Oslo, providing a platform for trading various financial instruments including stocks and derivatives.
A stock exchange is a marketplace where stocks, bonds, and other securities are bought and sold. It provides a platform for companies to raise capital and for investors to trade shares.
A tender offer is a public proposal to purchase some or all of shareholders' shares at a specified price, usually at a premium over the current market price, to gain control of a company.
An exchange ratio is the rate at which one security can be exchanged for another, often used in mergers and acquisitions to determine how many shares of the acquiring company will be given for each share of the target company.
ATHEX, or the Athens Stock Exchange, is the main stock exchange in Greece, where shares of publicly traded companies are bought and sold.
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