The Tel Aviv Stock Exchange (TASE) has expressed interest in acquiring the Cyprus Stock Exchange (CSE), according to Israeli media, after parliament passed a bill to privatise it.
The Cypriot side can neither confirm nor deny the reports, because the tender has not yet been announced. However, interest from other potential investors in recent months has not fallen.
According to the Israeli reports, the TASE may have expressed interest but has not made a final decision, and any move will depend on the terms of the tender. Its interest appears to be linked to a strategic plan to reorganise its activities and pursue acquisitions abroad.
The reports value the CSE at between 20 million and 40 million euros, with annual revenue of between four million and seven million euros. They also say the Athens Stock Exchange appears to be among the other interested parties.
Bids would be assessed on qualitative criteria for 30 per cent of the score and on the financial offer for 70 per cent, according to the reports, if and when the tender is announced.
According to the Israeli side, the TASE had revenue of about 160 million euros and net profit of about 51 million euros in 2025, and its market value is estimated at about 3.5 billion euros.
Phileleftheros reported earlier, before the privatisation bill was passed, that four stock exchanges had shown interest in buying the CSE: three from Europe and one from a non-EU country.
Recent reports have also raised the possibility that the Euronext group could become involved in the privatisation. Euronext runs the Paris, Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Athens exchanges, and handles close to 25 per cent of European trading.
