Tel Aviv Stock Exchange considers acquisition of Cyprus Stock Exchange

The Tel Aviv Stock Exchange (TASE) is currently evaluating a potential bid to acquire the state-owned Cyprus Stock Exchange (CSE) as part of the Republic of Cyprus's upcoming privatization process. While no final decision has been reached by the TASE board or its CEO Itai Ben-Zeev, the organization views the acquisition as a strategic opportunity to establish a presence within the European Union and expand its international operations.

The valuation of the Cyprus Stock Exchange is estimated to be between 20 and 40 million euros. The competitive bidding process, which is expected to attract interest from other European exchanges, will likely be weighted at 70% based on the financial offer and 30% on qualitative and strategic criteria, including technological infrastructure and growth plans. Currently, the CSE generates annual revenues of approximately 4 to 7 million euros.

Final participation in the tender will be decided once the Cypriot government officially announces the formal terms and participation requirements. The acquisition is intended to introduce a strong international operator to the market, with the goal of increasing liquidity, depth, and operational efficiency within the Cypriot financial sector.