Euronext has received regulatory approval from the Hellenic Capital Market Commission (HCMC) to acquire a qualifying holding in ATHEX shares.
Specifically, during a meeting on 13 November 2025, the board of directors of the HCMC approved Euronext’s suitability and its reference shareholders for the proposed acquisition.
As a result of the decision, the tender offer announced on 6 October is no longer subject to any regulatory approval, and is now an unconditional offer.
The decision has also included approvals from the Regulatory Authority for Energy, Waste and Water (RAEWW), regarding the change of control that will be implemented from ATHEX’s involvement in the Hellenic Energy Exchange and EnEx Clearing House Single Member.
The move marks a further step forward in Euronext’s bid to acquire a qualifying holding in the Athens Stock Exchange and its subsidiaries, and the process will now enter an acceptance period for the tender offer, ending on 17 November at 2pm ET.
The results of the offer are set to be announced by Euronext on 19 November.
The proposed integration of ATHEX into Euronext’s ecosystem will run on a unified trading and post-trade technology, and expand Euronext Clearing to cover Greek securities and further consolidate the European post-trade market by introducing further reliance on a single clearing house operated by Euronext.
The move is also expected to boost the development and attractivity of Greek markets.
The bid was first announced in July this year, with news that Euronext had entered discussion to acquire the exchange, in a deal thought to value the trading venue at €399 million (on a fully diluted basis).