Tel Aviv Stock Exchange Considers Buying Cyprus Stock Exchange

The Cyprus Stock Exchange, located in Nicosia, is valued between 20 million and 40 million euros, with annual revenues of four to seven million euros. In comparison, the Tel Aviv Stock Exchange recorded revenues of approximately 160 million euros and a net profit of about 51 million euros in 2025. The Cypriot government decided to privatize its fully state-owned exchange a year ago, and the upcoming tender will evaluate bids based 70 percent on price and 30 percent on quality.

According to Israel Hayom, the move is also influenced by Israel's current geopolitical situation, which has made attracting foreign investors more challenging. Acquiring the Cypriot exchange, which operates within a recognized tax haven and shares clearing systems with the Athens Stock Exchange, would offer Israeli companies a gateway to European Union markets and banking networks.

While the Tel Aviv Stock Exchange management and board have not made a final decision, several European exchanges, including the Greek Stock Exchange, are expected to compete in the tender. The acquisition aligns with a broader strategy to operate multiple international markets, similar to global exchange groups like Euronext and ICE.