CAPEX.com-NAGA Group merger gets regulatory approvals, to close in August
CAPEX.com agreed to acquire NAGA Group in a reverse merger, that will see CAPEX.com shareholders own 75% of the merged entity.
CAPEX.com agreed to acquire NAGA Group in a reverse merger, that will see CAPEX.com shareholders own 75% of the merged entity.
NAGA is in process of being taken over by rival broker Capex.com and its shareholders via a reverse merger.
Octavian Patrascu is positioned to become NAGA’s majority shareholder, with a personal financial investment in the deal.
There is general concern among NAGA Group employees regarding pending layoffs, as Capex.com comes in as the acquiror.
Managing Partner of Capex.com operator Key Way Group, Octavian Patrascu, will be Chairman of the Board of The NAGA Group AG.
George Pavel first joined Capex.com in 2017 as Head of Sales in Romania, and was later named Head of Partnerships.