Guru Capital Completes Acquisition of ETX Cyprus
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.
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