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2024: Trinfico bought 56% of NT Progress
The private equity fund managed by the Trinfico Group has invested in NT Progress and will receive a 56% stake in it. This was announced in mid-February 2024 by the press service of the Moscow Exchange (it is the parent company for NT Progress LLC).
NT Progress will direct the funds raised to the development of the NTPro OTC trading platform, within the framework of which liquidity aggregation, matchmaking and execution services are being developed in a wide list of instruments, as well as services for connecting to more than 60 participants in the OTC (OTC) market, the Moscow Exchange said in a statement.
The participation of the Moscow Exchange in the capital of NTPro allowed us to strengthen our position in the OTS market, apply exchange expertise in platform products and services. We are glad to attract a new round of financing from an external investor, this step will allow us to expand the service offer on our platform and significantly increase our presence in the target market, - said Vyacheslav Kashigin, General Director of NT Progress LLC, whose words are quoted by the press service of the Moscow Exchange. |
The Moscow Exchange expressed the hope that the investments of the Trinfico group will help further develop the NTPro platform, improve services for customers to provide the most flexible and modern trading solutions in the field of conversion operations. The Moscow Exchange intends to continue to participate in the further development of the NTPro platform in close cooperation with the NT Progress team.
By mid-February 2024, the parameters of the investment transaction concluded by the Moscow Exchange and Trinfico were not disclosed. More than 500 companies use the NTPro platform, including large banks, including VTB, Alfa Bank, Rosselkhozbank, RRDB, Ak Bars Bank, OTP Bank, etc.[1]
Notes
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