The NAGA Group acquires Trade.com UK
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EQS-Ad-hoc: The NAGA Group AG / Key word(s): Takeover/Mergers & Acquisitions
Ad hoc announcement pursuant to Art. 17 Market Abuse Regulation
- The NAGA Group acquires Trade.com UK -
Hamburg, 24 April 2025 – The financial technology company The NAGA Group AG, through its subsidiary Key Way Group Ltd., Gibraltar, has entered into a purchase agreement to acquire all shares in Trade Capital UK (TCUK) Ltd, a financial services company regulated by the Financial Conduct Authority (FCA). With this acquisition, The NAGA Group AG will re-enter the UK market. TCUK manages client equity of GBP 1.88 million. The NAGA Group AG anticipates generating additional business by introducing its unique product offering to the UK market in partnership with TCUK. The purchase price for the acquisition amounts to GBP 1.24 million, including net cash of approximately GBP 0.59 million. The completion of the purchase agreement is subject to regulatory approval and is expected to contribute to NAGA’s top-line revenue EUR 6.5 million by 2026 and EUR 2.5 million in EBITDA, all of course provided that it receives regulatory approval by the FCA first.
End of Inside Information
24-Apr-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | The NAGA Group AG |
| Suhrenkamp 59 | |
| 22335 Hamburg | |
| Germany | |
| E-mail: | info@naga.com |
| Internet: | www.naga.com |
| ISIN: | DE000A161NR7 |
| WKN: | A161NR |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2123734 |
| End of Announcement | EQS News Service |
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2123734 24-Apr-2025 CET/CEST
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