EURONEXT and what is next for Greece?

"Euronext to launch voluntary share exchange offer for all ATHEX shares Euronext announces the submission of a voluntary share exchange offer to acquire all shares of HELLENIC EXCHANGES-ATHEX STOCK EXCHANGE S.A. (“ATHEX”), in exchange for newly issued Euronext shares, at a fixed conversion rate of 20.000 ATHEX ordinary shares for each new Euronext share[1].(as copied by the site of EURONEXT) https://www.euronext.com/en/about/media/euronext-press-releases/euronext-launch-voluntary-share-exchange-offer-for-all-athex-0)

In this scenario we have  a foreign entity acquiring 90% of our national stock exchange which in fact raises important debate about national economic sovereignty and the possibility of domestic enterprises to safeguard their interests. Such a move would in reality represent a considerable shift in power. This almost entire ownership would pass the acquiring entity majority control regarding listing rules, trading , data dissemination, and possibly have a strong influence over the capital-raising environment for companies that operate in Greece. This could lead to  potential elimination of the smaller domestic firms. 

In the EU history,we cannot find any other example of an EU country to have sold 90% of its main stock market to a single foreign entity.  July 31, 2025, the value of one Euronext (ENX) share is approximately €90.50 . The value of one Hellenic Exchanges - Athens Stock Exchange (ATHEX: EXAE) ordinary share is about €5.20 . Therefore, one Euronext share is not worth 20,000 ATHEX ordinary shares.to be precise, 20,000 ATHEX ordinary shares are worth far more than one Euronext share. To be exact, 20,000 ATHEX ordinary shares are worth approximately €104,000, when one Euronext share is worth around €90.50. This really means that it takes about 1,149 Euronext shares to come near  the value of 20,000 ATHEX ordinary shares BUT this is presented as a bargain in the news. 

Let us hope we do not sell out everything Greek whatever is left of us to be sold.