A high-level delegation led by senior executives of Euronext is expected to arrive in Nicosia within the next few days for meetings with the Ministry of Finance, as well as the board and management of the Cyprus Stock Exchange (CSE).

Euronext is regarded as a reliable and established stock exchange operator, comprising eight European stock exchanges: Paris, Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo, and the Athens Stock Exchange, in which Euronext acquired a majority shareholding last October.

Euronext has evolved into a leading European capital markets platform, aiming to facilitate capital raising for the real economy across Europe.

Today, it handles approximately 25% of all European equity trading, processed through the organisation’s green data centre.

According to information obtained by Brief, the primary objective of the visit by Euronext’s senior technical delegation is to collect detailed information on the Cyprus Stock Exchange and to assess the local stock market environment based on the data it receives.

Euronext is aware that a parliamentary process is currently underway, with a bill on the privatisation of the Cyprus Stock Exchange under discussion in the House of Representatives.

A knowledgeable source who spoke to Brief noted that regardless of the outcome of Euronext’s meetings in Nicosia, the process initiated by the Ministry of Finance to privatise the Cyprus Stock Exchange will continue uninterrupted.

At this stage, the bill is being examined by the Parliamentary Committee on Finance, as part of the privatisation procedure for the stock exchange.

Once the bill is approved, the Ministry of Finance will launch an international tender, inviting offers that will be evaluated based on a study and criteria prepared by an independent advisory firm, with the aim of identifying an investor possessing the necessary expertise to acquire the Cyprus Stock Exchange.

“The case of Euronext would be ideal, should the organisation express interest in acquiring the Cyprus Stock Exchange,” the same source told Brief.

Euronext has developed into the first cross-border stock exchange forming the leading pan-European market infrastructure, shaping the future of capital markets.

Last September, Euronext was included in the CAC 40 index.

Beyond trading activities, Euronext is also active in corporate and investment services, as well as in the technology sector.