Trading

Euronext to add Greek stock exchange in latest takeover

The Athens Stock Exchange is Euronext’s latest purchase under acquisitive CEO Stéphane Boujnah

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Euronext accounts for around a quarter of European equities trading, and wants to grow more Photo: Nathan Laine/Bloomberg/Getty Images

Euronext is set to add an eighth country to its network of exchanges after a €413m deal to acquire the Greek stock market won backing from the bourse’s shareholders.

Its tender offer for the Athens Stock Exchange was accepted by 74% of the latter’s shareholders, clearing the threshold necessary to proceed with the deal, Euronext said in a statement.

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