on The Naga Group AG (isin : DE000A161NR7)
The NAGA Group Successfully Merges with Key Way Group
The NAGA Group AG has successfully merged with Key Way Group Ltd., following regulatory approvals. The merger, announced last December, was completed in just six weeks.
This merger creates one of the world's leading neo-brokers, featuring around 1.5 million users across more than 100 countries. The migration of Key Way Group's CAPEX.com users to the NAGA ecosystem will begin shortly, offering new features and enhanced services.
The NAGA Group anticipates annual cost savings of up to EUR 9.0 million. Initial technology integration is expected to deliver a positive EBITDA effect of EUR 4.0 million per year. Additional savings are expected from improved regulatory, personnel, and trading efficiencies.
The merger aims to boost profitability by increasing customer lifetime value through advanced features such as social trading, neo banking, and crypto trading.
R. H.
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