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New Deal


Announced

Completed

Accuindex completed the acquisition off the Ruizean's Cyprus operations.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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brokerage

Diversified Financials

Private

Single Bidder

Cross Border

Majority

Cyprus

financial services

Acquisition

Friendly

Completed

Synopsis

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Accuindex, a Forex and CFD broker, completed the acquisition off the Cyprus operations of Ruizean, an Australia-based group of companies specialising in financial services. Financial terms were not disclosed. "This new addition to Accuindex's operations reflects the strength of the strategic position we have built in the industry. Europe is a key market for us and having the CySEC regulation and a local office gives us a significant presence in the continent. Our aim is to accommodate the needs of our clients and provide a safe and regulated ecosystem for trading of financial assets internationally," Samer Mourched, Accuindex Chief Operating Officer.

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