FNG Exclusive… FNG has learned via regulatory filings that Cologne, Germany based neobroker Nextmarkets is being liquidated.
Nextmarkets’ two largest outside shareholders, fintech investment firm FinLab (with a 34.36% holding in Nextmarkets AG) and crypto tech investor Samara Asset Group (with 37.68%) each issued regulatory filings in Germany indicating that the Management Board of Nextmarkets has decided, with the approval of the Supervisory Board, to sell all subsidiaries, respectively their assets as well as further assets of Nextmarkets.
The decision was taken “in the light of the challenging situation in the public capital markets and the weakness of the financing market”.
Technically, the liquidation of Nextmarkets AG will be proposed at the upcoming Annual General Meeting of the company. Nextmarkets might be sold “as is” and run by an acquiror, or its assets (i.e. clients and technology) could be sold…
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