Core Viewpoint - Euronext successfully completed a voluntary share exchange tender offer to acquire ATHEX Group, marking a significant milestone for both Greece and the broader European financial landscape [1][5]. Group 1: Tender Offer Details - The Acceptance Period lasted six weeks, ending on 17 November 2025, during which shareholders tendered a total of 42,953,405 ATHEX Shares, representing approximately 74.25% of ATHEX's voting rights [2]. - The minimum requirement of 28,925,001 ATHEX Shares, which corresponds to 50% plus one share of ATHEX's voting rights, was met [2]. - All necessary regulatory approvals for the transaction were received by 14 November 2025, fulfilling all conditions of the Tender Offer [3]. Group 2: Expected Synergies and Financial Impact - Euronext anticipates achieving €12 million in annual run-rate cash synergies by the end of 2028, primarily through the migration of Greek trading to Optiq® and the harmonization of central functions [4]. - The implementation costs to achieve these synergies are projected to be €25 million, with the transaction expected to be accretive for Euronext shareholders within the first year following the realization of synergies [4]. Group 3: Strategic Importance and Future Plans - The acquisition strengthens Euronext's position as Europe's leading diversified market infrastructure and lays a foundation for growth in Southeastern Europe, a region with strong growth prospects [6]. - Euronext plans to establish a new Group-level support and technology center in Athens, aimed at investing in Greek talent and creating opportunities for professional development and innovation [6]. Group 4: Next Steps and Timeline - Euronext will issue new ordinary shares on 21 November 2025 and settle the Tender Offer by exchanging ATHEX Shares for Consideration Shares on 24 November 2025 [7][8]. - The Consideration Shares will be listed and traded on Euronext's regulated market on the same day [7].