NAGA Group’s online brokerage firm (ETR: N4G) has issued a brief statement about acquiring it The Trade Capital UK (TCUK) LTD – London -based FCA adjustable arm of Trade.com CFDS Brokerage Group – After FNG’s report earlier today that NAGA had actually acquired Trade.com UK.
NAGA said the purchase price for the acquisition is £ 1.24 million (US $ 1.65 million), including net cash of about 0.59 million pounds. Trade.com UK manages customer equality of £ 1.88 million. NAGA has said it expects to create additional businesses by importing its unique product supply to the United Kingdom in collaboration with Trade.com UK.
As we had mentioned earlier, NAGA said that completing the purchase agreement is subject to regulations. Looking forward, NAGA said acquisition (if and when completed) is expected to contribute to Naga’s revenue of € 6.5 million by 2026 and EUR 2.5 million to EBITDA, of course, provided that it is obtaining FCA regulatory approval.