ArdorComm Media Group

News on HR
News on HR

NAGA Shareholders Overwhelmingly Approve Merger with CAPEX.com

-By ArdorComm News Network

NAGA Group AG’s shareholders have voted with an overwhelming majority of 99.81% in favor of the proposed merger with CAPEX.com. The Extraordinary General Meeting (EGM), held on April 12th, witnessed strong confidence in the merger, marking a significant step forward for both entities.

During the EGM, the newly appointed CEO of NAGA AG, Octavian Patrascu, outlined his vision for the “New NAGA,” emphasizing innovation and expansion within the financial services landscape. Key highlights from his presentation included plans for market expansion, product enhancements, and the introduction of the NAGA SuperApp, aimed at offering a comprehensive range of services to users worldwide.

The strategic merger with CAPEX.com is poised to capitalize on synergies between the two companies, with internal evaluations projecting potential annual synergies exceeding $10 million. Pending regulatory approval, the merger is expected to enhance NAGA’s financial efficiency and market reach, bolstered by Capex’s skilled management and proven track record.

Commenting on the approval, Octavian Patrascu expressed excitement about the prospect of executing the new business plan, underscoring the expanded global reach and upgraded user experience offered by the “New NAGA.” With his personal financial investment in the deal, Patrascu brings over 15 years of experience in leading multinational ventures to achieve global prominence.

The merger positions NAGA to benefit from an expanded user base of over 1.6 million registered users, with plans to achieve over 5 million registered users by 2025/26. Leveraging NAGA’s technological ecosystem and Capex’s international operational infrastructure, the “New NAGA” aims to optimize client value and profitability, driving long-term growth and success.

NAGA is a leading German Fintech Company offering a SuperApp that merges social trading, stock investing, cryptocurrency, and neo-banking into a unified platform. With operations in over 100 countries and 9 local offices, NAGA provides diverse services for both fiat and cryptocurrencies, fostering an inclusive and efficient financial ecosystem for personal finance and trading.

 

0 0 votes
Article Rating
Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments