Euronext Revises Tender Offer for Hellenic Exchanges-Athens Stock Exchange

Euronext N.V. submitted a revised voluntary share exchange tender offer for the ordinary registered shares of Hellenic Exchanges-Athens Stock Exchange S.A. (“ATHEX”). Initially, Euronext sought a minimum tender of 67% of ATHEX's total voting rights. Now, the threshold has been reduced to 50% plus one share. The Hellenic Capital Market Commission's approval is pending.

The acceptance period, which began on 6 October 2025, will conclude on 17 November 2025. Despite this revision, the timeline remains unchanged.

Deutsche Bank AG, serving as Euronext's advisor, confirmed the financial viability of the offer. The offer consists entirely of shares, contingent upon Euronext's ability to issue the necessary shares to accepting shareholders.