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January 19, 2023

Naga Group In Discussions On "Strategic Transaction" With Multi-Country Brokerage Firm

January 19, 2023 - Hamburg headquartered retail trading platform, NAGA Group, with over 1 million registered accounts and 300 employees, today announced that it is "in discussions pursue a potential strategic transaction with a multi-country brokerage firm, potentially in the form of a merger of the two companies. Naga will maintain its current listing status following the consummation of any such transaction.

The transaction is subject to due diligence and is expected to be finalised subject to
customary conditions precedent and regulatory approvals, and to close in Q4 2023."

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