Marinos Christodoulides: Tender for CSE privatisation by end 2025

Chairman of the Cyprus Stock Exchange (CSE) Marinos Christodoulides said the tender to privatise the CSE will be announced by the end of 2025, during an informational event–seminar that focused on its prospects, strategic programs, and investment options.

Participants included representatives of publicly listed companies, brokerage firms, asset managers and investment funds, provident fund representatives, as well as other institutional and private investors.

Welcoming market participants, the Christodoulides stated that the CSE is on a path to privatisation. If all legal procedures proceed according to schedule, the tender for selecting a strategic investor is expected to be announced by the end of 2025, he added.

With this development, the CSE is expected to enter a new phase regarding its future trajectory, enabling it to contribute more effectively to business and economic development more broadly, said Christodoulides.

He also emphasised that the CSE continues to work intensively to increase the number and quality of listed companies, to facilitate their operations, to improve the institution’s operational framework, to continuously upgrade its technological services, to further promote the CSE, to improve corporate governance among listed companies, and to enhance stock market literacy.

On his part, the Acting General Manager of the CSE, Nikos Trypatsas, presented the current state of the CSE and the stock market, and highlighted initiatives taken by the CSE to strengthen the institution and align it with international practices.

During the event, the following listed companies presented their current situation and spoke about their future plans:

• Petrolina Holdings Public Ltd
• Logicom Public Ltd
• GlobalWealth Group Plc
• Top Kinisis Travel Public Ltd
• Upyachting Management Plc
• Bank of Cyprus Holdings Plc
• Solidus Securities AEPAP
• ENTECA Plc
• Ellinas Finance Public Company Ltd
• Atlantic Insurance Company Public Ltd

This event is part of the CSE’s broader initiative for open communication with market participants and for regularly updating them on developments related to the CSE.

As was announced during the event, the CSE plans to hold similar informational events in the future.

Attendees expressed their full satisfaction with the CSE’s initiative, noting that these meetings are very useful both for market stakeholders and the institution itself, for the purpose of its further development.