The Securities and Exchange Committee approved the content of the information report on the optional public proposal of the company “Euronext NV” to the shareholders of the company “HELLENIC SUBSTITUTIONS – ATHENS SAINTERY SA”
EURONEXT’s original proposal to HELEX at the end of June valued the company at € 6.90 per share, with an exchange ratio of 21,029 HELEX shares per new Euronext share, according to the closing prices of the market on June 30, 2025.
At the end of July Euronext reinstated With an improved optional public shares proposal for the acquisition of 100% of HELEX share capital. The new proposal was that 20 shares of HELEX would be exchanged with 1 Euronext share, as opposed to the July 1 initial bid with a ratio of 21,029 to 1.
The acquisition of ATHEX by EuronaXt allows participants in the Greek financial markets to join a network of over 1,800 listed companies with total market capitalization exceeding 6 trillion. euro.
The attempted acquisition is projected to create synergies of 12 million euros annually by 2028.
Source: Skai
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