The total represents about 74.25 percent of ATHEX voting rights, surpassing the minimum 50 percent plus one share required for the bid to proceed.
The Acceptance Period ran for six weeks and closed on 17 November. Euronext said all regulatory approvals were received by 14 November, fulfilling the conditions outlined in the October Information Circular.
The company expects the acquisition to enhance the visibility and competitiveness of the Greek market by integrating ATHEX into Euronext’s trading and post-trade ecosystem, including migration to the Optiq platform.
The group is targeting €12 million in annual run-rate cash synergies by the end of 2028, with €25 million in implementation costs. The deal is projected to be accretive for shareholders within a year of delivering these synergies.
Chief executive Stéphane Boujnah remarked that the integration “marks a significant milestone for both Greece and the broader European financial landscape” and strengthens Euronext’s position as Europe’s leading diversified market infrastructure.
He added that Euronext intends to establish a new support and technology centre in Athens.
New Euronext shares will be issued on 21 November and settlement will occur on 24 November, when tendering shareholders are due to receive their consideration shares.
Euronext said it may pursue further legally permitted methods to acquire the remaining ATHEX shares, noting that less than 90 percent of voting rights were tendered.
