Guru Capital Completes Acquisition of ETX Cyprus

Guru Capital
Apr 13 · 1 min read

Rolle, Switzerland, April 12, 2021 — Guru Capital today announced the closing of its acquisition of Cyprus-based Monecor (Europe) Ltd, trading as ETX Capital. The transaction is closing after receiving regulatory approval from the Cyprus Securities and Exchange Commission (CySEC). Guru Capital partners Luca Merolla and Ryan Nettles have been appointed as non-executive directors to the Board of Directors of Monecor (Europe) Ltd.

With the addition of the Cyprus regulated entity, ETX Capital is now able to passport its services throughout the European Union leveraging it’s brand and multi-asset trading platform to penetrate the market. Guru Capital intends to continue pursuing additional M&A deals in the EU and UK to further increase ETX Capital’s market share in the region.

For further information please contact: media@gurucapital.com

Guru Capital

Partnering to build financial market leaders

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store