forex broker acquisitions

CFI Financial Group expands in Egypt via El Mahrousa acquisition

CFI said that its aim is to complete all preparations and fully launch CFI Egypt by the beginning of 2023.

Invast Global established its first European office in Cyprus last year, as part of a strategic plan to build a global distribution network.

Together with wholly-owned subsidiary BidFX, the acquisition paves the way for SGX to build an integrated and scalable FX platform.

It will be interesting to see if shareholders rubber stamp the deal – Playtech shareholders have mounted small revolts in the past.

ETX Cyprus will be the European HQ for the group, with the company only weeks away from onboarding European clients through the new entity.

OANDA is buying TMS from Warsaw based alternative investment firm ForeVest Capital, which acquired control of TMS in 2011.

As part of the transaction, Saxo Bank will take over Strateo’s customer relations in Switzerland and integrate them into its organization.

Guru Capital said that it intends to leverage the strong ETX Capital brand, and also to grow the business globally through M&A activities.

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