NAGA Receives Regulatory Approval for Merger with CAPEX.com

NAGA Group, a leading Retail FX and CFDs broker specializing in social and copy trading, has successfully navigated the regulatory approval process necessary for its merger with Key Way Group Ltd., operating under the CAPEX.com brand. This merger, initially announced in mid-December, marks a significant consolidation in the financial trading industry, with CAPEX.com shareholders, led by Octavian Patrascu, set to own approximately 75% of the combined entity.

Read More: Why Is the Capex.com and NAGA Merger A Game-Changer?

The merger received overwhelming support at the Extraordinary General Meeting held on April 12, 2024​, where NAGA shareholders voted with a decisive 99.81% in favor of the transaction. According to NAGA's CEO, Octavian Patrascu, "The approval of the merger by regulatory authorities represents a strategic milestone for NAGA's future growth trajectory. We are eager to leverage the synergies between our two companies and establish new benchmarks within our industry."

Upon completion, the merged entity aims to become one of the world's foremost neo-brokers, boasting a collective user base of approximately 1.5 million traders across more than 100 countries. The integration process is expected to finalize by the end of August 2024, pending final regulatory clearances and procedural formalities.