INTERNATIONAL: ATHEX Joining Forces With BELEX

Friday August 6 2021

On 5^th August 2021, the Athens Stock Exchange (ATHEX) joined forces with the Belgrade Stock Exchange (BELEX) in order to collectively strengthen their presence in Southeast Europe and benefit from new opportunities.

This cooperation is based on two principles: the mutual conviction that their respective capital markets should assume a more influencing role in the sustainable economic development of the local economies and the common vision that only by joining forces regional markets can efficiently and effectively address the intensifying challenges and enhance the offering to issuers, both in the EU and internationally.

ATHEX has proceeded to all the required steps resulting in the Securities Commission of Republic of Serbia’s consent to the acquisition of a 10.24% stake in BELEX.

At the same time, BELEX has decided to enhance its trading facilities by migrating its trading activities as Market Operator to the ATHEX’s Trading Platform, enlarging the Common Trading Platform pool of liquidity and services. All market participants will benefit from the enlargement of both capital markets and the cross-trading opportunities offered. AXIA Ventures Group Limited acted as exclusive financial advisor to ATHEX in the transaction, while Alexopoulos & Associates acted as legal advisor.

As a next step, BELEX and ATHEX will closely cooperate with the Serbian Government – Ministry of Finance towards the enhancement of the Serbian Capital Market through the introduction of new products and services that will support the flow of capital from investors from local and international investors to issuers listed in BELEX.

Click on the above link for further information.