Plus500 buys Brazilian broker Guru for a license to enter the Brazilian market
Plus500 is acquiring Brazilian broker-dealer Guru, gaining a local platform and access to U.S. derivatives. Deal terms have not been disclosed.
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what happened
Plus500 is buying Brazilian broker-dealer Guru. According to Market Talk, citing Panmure Liberum analyst Barun Singh, the deal lets the company build a local offering and reach U.S. derivatives markets. Singh notes that the recent purchase of Hedge in the U.S. was also expected to add value. In his view, the worth of this deal lies in the license, market access and on-the-ground team rather than Guru's current clients or revenue. Because the price was not disclosed, Panmure has left its estimates unchanged.
why it matters
For Plus500, the deal is a step toward a bigger footprint in Latin America. Without a disclosed price or financial details, however, its contribution to the company's results is hard to gauge yet. The news is mostly a niche development for the online-trading sector.
tags
instruments
sources
- Plus500's Purchase of Guru Gives License to Enter Brazil — Market Talk, 20 October 2026 at 06:33 UTC
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