NAGA shareholders approve acquisition by CAPEX.com
Octavian Patrascu is positioned to become NAGA’s majority shareholder, with a personal financial investment in the deal.
Octavian Patrascu is positioned to become NAGA’s majority shareholder, with a personal financial investment in the deal.
Ben Bilski effectively ran NAGA from its founding in 2015 until last summer, when he was replaced as CEO by Michael Milonas.
There is general concern among NAGA Group employees regarding pending layoffs, as Capex.com comes in as the acquiror.
Client trading volume at NAGA totaled €143 billion for 2023 (FY22: €137 billion), or about USD $13 billion monthly.
Managing Partner of Capex.com operator Key Way Group, Octavian Patrascu, will be Chairman of the Board of The NAGA Group AG.
Shares of publicly traded Retail FX and CFDs broker NAGA Group AG (ETR:N4G) dropped by 15% on Monday, falling to […]
NAGA Group – which had been making big bets on crypto – wrote off €15.3 million related to its NAGA Coin (NGC) in 2022.
NAGA stated that it is soon launching its first ever White Label partnership with a regulated online-brokerage from Kuwait.
NAGA Group’s nine-month marketing spend was reduced from €26 million in 2022 to just €4 million this year.
In Q2 2023 Revenues at NAGA declined to just €7.9 million, a 32% quarter-to-quarter decline from Q1.