SGX said to express interest in acquiring Tel Aviv Stock Exchange

SINGAPORE (Mar 1): The Singapore Exchange is said to be among a number of foreign stock exchanges to express an interest in acquiring a controlling share in Israel’s Tel Aviv Stock Exchange (TASE).

Earlier this year, it was announced that TASE CEO Ben Zeev received authorisation from shareholders, who hold an aggregate 71.7% of the bourse, to mediate the sale of their shares to a third party.

Although the price has yet to be discussed or determined, TASE will only be allowed to benefit from up to NIS 500 million ($190 million) for its sale according to the law.

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