Admirals Group AS, the parent company of FX/CFDs brokerage Admirals, plans to
merge with Admirals Markets AS, its Estonian subsidiary, during the first half
of next year. To actualize the plan, the firm intends to withdraw the
subsidiary’s investment company license during the second
half of this year, possibly by August.

The
Estonia-based company disclosed the plan on Thursday, noting that “the
restructuring stems from the fundamental necessity and choice to expand the
Group’s presence globally.” Admirals added that the firm has ‘substantially
positioned’ itself in new regions in recent years.

The Group currently boasts of presence in 18 countries and client portfolio
in over 145 nations. The company, which offers forex, contracts for
difference and stock trading services to its clients, is regulated in multiple
jurisdictions, including the UK, Australia, Canada, Cyprus and South
Africa.

“Albeit the
restructuring, Estonia remains the Company’s strategic location,” Admirals
Group said in a statement. “The Company continues to be headquartered in
Tallinn, Estonia with more than 100 employees.”

Furthermore,
Admirals noted that MoneyZen, its lending platform regulated by the Estonian
Financial Supervision and Resolution Authority, will continue to complement its presence in
Estonia.

Admirals Group AS, the parent company of FX/CFDs brokerage Admirals, plans to
merge with Admirals Markets AS, its Estonian subsidiary, during the first half
of next year. To actualize the plan, the firm intends to withdraw the
subsidiary’s investment company license during the second
half of this year, possibly by August.

The
Estonia-based company disclosed the plan on Thursday, noting that “the
restructuring stems from the fundamental necessity and choice to expand the
Group’s presence globally.” Admirals added that the firm has ‘substantially
positioned’ itself in new regions in recent years.

The Group currently boasts of presence in 18 countries and client portfolio
in over 145 nations. The company, which offers forex, contracts for
difference and stock trading services to its clients, is regulated in multiple
jurisdictions, including the UK, Australia, Canada, Cyprus and South
Africa.

“Albeit the
restructuring, Estonia remains the Company’s strategic location,” Admirals
Group said in a statement. “The Company continues to be headquartered in
Tallinn, Estonia with more than 100 employees.”

Furthermore,
Admirals noted that MoneyZen, its lending platform regulated by the Estonian
Financial Supervision and Resolution Authority, will continue to complement its presence in
Estonia.