Published: 2018-05-04 17:45:45 CEST

Admiral Markets AS closes its branch in the Republic of Romania

On 4th of June 2018 Admiral Markets AS will close its branch "Admiral Markets AS Tallinn Sucursala Bucure┼čti", established in the Republic of Romania.

The closure of the branch is related to the strategy implementation of Admiral Markets AS parent company Admiral Markets Group AS. As part of the strategy, Admiral Markets UK Ltd, an investment company belonging to the same consolidation group, has established several branches within the European Union, and Admiral Markets AS has closed branches in the Republic of Latvia, Lithuania and Bulgaria already in 2016.

Since the continuation of Admiral Markets AS branch offices in the same countries as Admiral Markets UK Ltd has been assessed as unnecessary and impracticable, Admiral Markets AS has decided to close the branch established in the Republic of Romania and continue to service its existing and potentially new customers in the Republic of Romania on the basis of a cross border activity license.

The interests of Admiral Markets AS clients from the Republic of Romania are still protected through a respective service agreement concluded with the sister company Admiral Markets UK Ltd.

Admiral Markets AS does not plan additional changes to existing clients due to closure of the branch, including the termination of their contracts.

Further information:
Sergei Bogatenkov
Chairman of the Management Board of Admiral Markets AS
+372 6 309 300