Invast Financial Services Pty Ltd agreed to acquire GMO-Z.com Trade UK Limited from GMO Financial Holdings, Inc. (TSE:7177) on October 25, 2022. GMO-Z.com Trade had net asset of ¥168 million, total assets of ¥564 million, revenue of ¥62 million, operating loss of ¥164 million and net loss of ¥172 million, for fiscal year ended December 2021. The transaction is subject to approval from the UK Financial Conduct Authority (FCA).

The transaction is planned to be completed in late April 2023. The impact of this transaction on consolidated business performance of GMO Financial will be minor. As of March 22, 2023, it was difficult to obtain Financial Conduct Authority (FCA) approval, the board of directors agreed to cancel the Share Transfer Agreement.