en.Wedoany.com Reported - Greek dry bulk owner Safe Bulkers has cleared the final regulatory hurdle for a secondary listing of its shares on Euronext Athens, the latest step in the company's push to broaden access for European investors.

The New York-listed company had previously received confirmation from Euronext Athens that all requirements for the listing of its common shares had been met, pending approval of the prospectus by the Hellenic Capital Markets Commission (HCMC). The HCMC approved the prospectus on May 27, clearing the last obstacle for the shares to begin trading on the Greek market on June 2.

Safe Bulkers, led by Polys Hajioannou, said the secondary listing will help expand access to institutional investors active in European markets, while enhancing trading liquidity and strengthening the company's profile within the shipping sector.

Safe Bulkers has been trading on the New York Stock Exchange since May 2008 and currently operates 45 dry bulk vessels, with 11 newbuilding orders on its books, representing a total carrying capacity of approximately 1 million dwt. The company stated that the Athens listing will complement its existing U.S. operations, enabling it to forge closer ties with European investors. Piraeus Bank is acting as listing advisor for the transaction, with Potamitis Vekris serving as Greek legal counsel and White & Case as global legal counsel.

The listing comes at a pivotal time for the Greek capital market—the former Athens Stock Exchange transitioned into Euronext Athens earlier this year. The rebranding followed Euronext's acquisition of a 74% controlling stake in Hellenic Exchanges at the end of 2025, integrating Greece into Europe's largest exchange network alongside markets in Paris, Amsterdam, Milan, Oslo, Brussels, Dublin, and Lisbon.

Euronext stated that the integration grants Greek-listed companies access to a broader international investor base and a larger liquidity pool, encompassing over 1,800 listed companies across Europe. For shipping companies, the expanded platform may offer enhanced visibility, as multiple Greek shipowners seek to diversify their funding sources beyond traditional U.S. capital markets and bank financing.

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