Tel Aviv Stock Exchange Considers Buying Cyprus Stock Exchange
Translated & summarized from NEWSru Israel by baba
The Tel Aviv Stock Exchange is considering purchasing the Cyprus Stock Exchange as part of its privatization process. TASE plans to bid in the upcoming tender, which is expected to attract European competitors. The acquisition would provide TASE with Eurozone access and an EU license, while the Cypriot government aims to increase trading volumes. The CSE is valued at 20-40 million euros.
The story in 5 lines · by baba
- Tel Aviv Stock Exchange is exploring the acquisition of the Cyprus Stock Exchange.
- TASE will participate in the Cypriot government's privatization tender for the CSE.
- The CSE is valued at 20-40 million euros with annual revenues of 4-7 million euros.
- Acquisition would grant TASE access to the Eurozone and an EU stock operator license.
- The Cypriot government aims to boost the exchange's low trading volumes through privatization.
The Tel Aviv Stock Exchange (TASE) is exploring the possibility of acquiring the Cyprus Stock Exchange (CSE) and plans to participate in the privatization tender announced by the Cypriot government, according to Calcalist. No final decision has been made by TASE management or its board of directors, pending the tender's terms and conditions. European exchanges are also expected to bid.
The winner will be chosen based on 70% price and 30% qualitative criteria. The CSE, wholly state-owned, is valued between 20 to 40 million euros, with annual revenues of only 4 to 7 million euros. In comparison, TASE reported 563 million shekels (approximately 160 million euros) in revenue for 2025 and has a market value of 12.3 billion shekels.
Acquiring the CSE would grant TASE access to the Eurozone, control over trading infrastructure and a clearing house, and a full EU stock operator license. The Athens Stock Exchange, which has shared a trading and clearing platform with the CSE since 2006, may also express interest.
The Cypriot government decided to privatize the exchange a year ago, seeking a strategic investor to significantly boost its low trading volumes. The largest company listed on the CSE is Bank of Cyprus, with a market capitalization of 4.6 billion euros.
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