CMC Markets plc (LSE:CMCX) reached an agreement to acquire Client base from Australia and New Zealand Banking Group Limited for AUD 25 million on September 16, 2021. CMC Markets' existing cash resources will fund the AUD 25 million consideration as the deal marks. The Transaction involves the transition of over 500,000 Australia and New Zealand Banking Group Limited share Investing clients, with total assets in excess of AUD 45 billion.

The consideration will be funded from the Group's existing cash resources. As of October 8, 2021, CMC Markets gains over 500,000 share investing clients from Australia and New Zealand Banking Group Limited. The transaction, once completed, will boost the platform's non-leveraged business with total assets in excess of around £24.1 billion from across the half a million investing clients.

The Transaction is expected to take 12 to 18 months to fully transition clients.