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Cyprus’s Government Plans to Sell State-Owned Stock Exchange

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Dec. 21 (Bloomberg) -- The Cyprus government agreed to sell the Cyprus Stock Exchange, the only remaining state-owned bourse in Europe, Finance Minister Kikis Kazamias said.

Kazamias said the plan to convert the exchange into a stock company is “official,” according to an e-mailed audio file from the Nicosia-based ministry today. “Initially, the state will be the only shareholder but gradually we shall go ahead with the privatization”.

To contact the reporter on this story: Stelios Orphanides in Athens at sorphanides@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net