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Denmark's Saxo Bank to have China's Geely as new shareholder

来源:网络整理 作者:上海新闻网 人气: 发布时间:2017-05-07
摘要:COPENHAGEN — Denmark's Saxo Bank Group announced on Friday that it received and agreed on an offer from China's Geely Group to become a key shareholder of the bank with about 30 percent stake. Lars Seier Christensen, co-founder of Saxo,

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COPENHAGEN — Denmark's Saxo Bank Group announced on Friday that it received and agreed on an offer from China's Geely Group to become a key shareholder of the bank with about 30 percent stake.

Lars Seier Christensen, co-founder of Saxo, a leading Danish multi-asset trading and financial-technology firm, has received an offer and agreed to sell his stake of 25.71 percent of the bank to Geely International Hong Kong, a subsidiary of Zhejiang Geely Holding Group Co Ltd, also known as Geely Group, the bank said in a statement.

Certain minority shareholders are expected to sell their stakes to Geely, which is expected to own 30 percent of Saxo on completion, according to the statement.

The deal is pending, among other things, regulatory approvals and financial terms of the transaction are expected to be finalized by the fourth quarter of 2017.

"Geely Group has shown an impressive ability to foster sharp and solid profitable growth in their portfolio companies, and it has a deep understanding of Scandinavian business values and culture," said Kim Fournais, Saxo co-founder and CEO, in the statement. Fournais also owns 25.71 percent of the bank.

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