TASE shareholders are willing to sell their holdings

The plan to sell control of the Tel Aviv Stock Exchange is advancing. The stock exchange's plan to create a controlling core that will offer for sale has received a tailwind from the current shareholders. The TASE's request to it's members to act as an intermediary in a transaction for the sale of their shares on the stock exchange to a third party was answered at a rate of 71.7%, which allows for the sale of a clear controlling interest in the stock exchange, according to its announcement.
For now, the stock exchange management has no concrete buyer, and it has received the mandate from its members to find such a buyer. On the Tel Aviv Stock Exchange, hope that a stock exchange or a network of leading foreign stock exchanges will stabilize the local stock exchange. This is an option transaction for a period of about three months.
As far as is known, there are already several foreign stock exchanges that expressed an initial interest in the Tel Aviv Stock Exchange. However, as the stock exchange finds such a buyer and advances a deal with it, it can then buy all the shares that the members have authorized to sell, or only a portion depending on the volume of the transaction. If a transaction is not formulated, the TASE is not obligated to purchase shares from its members under this agreement.
A few days ago, Ben-Ze'ev said that the issue of its shares on the Tel Aviv Stock Exchange itself is expected in 2019.
The TASE announced today that "almost all the shareholders have responded to the TASE's request, and are offering to sell their holdings at a company value of NIS 500 million." Several bodies did not respond to the TASE offer, and several bodies chose to leave some of the shares in their hands.