Euronext to Make Athens Stock Exchange Regional Hub

Euronext plans to establish the Athens Stock Exchange (ATHEX) as its main hub for Southeastern Europe, with the acquisition expected to boost earnings from the first year, according to Euronext CEO Stéphane Boujnah, CE Report quotes Athens-Macedonia

Speaking to international media on Thursday, Boujnah praised Greece’s economic progress and emphasized that the deal will strengthen Euronext’s strategic position while offering long-term benefits to the Greek market by increasing its integration into European and global capital flows.

Between 2020 and 2024, ATHEX’s net revenue rose over 70% to €52 million, while EBITDA tripled to €23.7 million. Boujnah noted that Greek economic growth will continue to support market activity and enhance transparency and investor appeal.

The acquisition is also expected to deliver annual cash synergies of €12 million by 2028, with restructuring costs estimated at €25 million.