The emerging acquisition of the Athens Exchange Group by the Euronext group represents a milestone for the Greek capital market. The integration of the Athens Stock Exchange into one of the world’s largest stock exchange operators brings only positive results for the market itself and the Greek economy. Euronext operates as a unified trading mechanism for the markets of France, the Netherlands, Belgium, Portugal, Ireland, Italy, and Norway.
Benefits of joining the Euronext group
According to stock market sources, the agreement between Athens Stock Exchange and Euronext brings significant changes:
- The market accelerates with a change in the quality of investors
- Market internationalization and upgrade issues are expedited
- The Athens Stock Exchange gains new expertise and technology
- Creates publicity for the country during a period of economic recovery
- Foreign companies can turn to the Greek market
- Upgrades the status of medium and small listed companies
Experts don’t rule out seeing transactions at the Athens Stock Exchange worth as much as today’s ATHEX capitalization: 350 million euros.
Strategic significance for the Greek economy
The announcement from the Ministry of Finance and Kyriakos Pierrakakis is clear: “It constitutes a tangible vote of confidence in the stability and positive trajectory of the Greek economy. At the same time, it signals the deepening of Greece’s integration into the European financial space and strengthens international investor confidence.” The agreement comes at a time when Greece is recovering and recording growth rates above 2.1%, while Europe is growing at 0.1%.
Euronext: The giant of European capital markets
Now, a new page unfolds on the map of European capital markets. One of the world’s largest multinational stock exchange groups is turning its attention to the Athens Stock Exchange.
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