Admirals received license in South Africa earlier in June 2022 to offer execution services in CFDs to professional and retail clients. The company opened a Cape Town office as part of its expansion into South Africa.
On Thursday, the global financial technology company announced that its Cypriot business arm and South African business unit had signed a takeover agreement with Aglobe Investments Ltd. The Seychelles Financial Services Agency holds a license as a securities dealer for the entity.
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