Euronext bid for HELEX takes shape

[InTime News]

The countdown has begun for the acceptance of Euronext’s nationalist connection to the shareholders of Hellenic Exchanges (HELEX) aiming to get 67% of the absorption radical of the Athens Stock Exchange (ATHEX).

Although the result of the optional stock speech connection is presently hard to predict, owed to the very wide dispersion of HELEX shares, the venture is promoted by the listed European stock speech level arsenic an important step for the Greek stock speech that will amended Greek companies’ entree to liquidity, technologically modernize ATHEX, and heighten its planetary visibility and attractiveness.

If the connection is successful, the Greek marketplace will go the eighth belonging to Euronext, alongside those of France, Italy, the Netherlands, Belgium, Portugal, Ireland and Norway. It will participate a single European stock speech and summation entree to a very ample excavation of liquidity.

However, some marketplace participants see the offered price, which does not see currency but lone an speech of HELEX shares for Euronext shares successful a ratio of 20 to 1, little charismatic than they would like.