Bank J. Safra Sarasin AG has today entered into an agreement to buy the shares of Geely Financials Denmark A/S and Mandatum plc in Saxo Bank A/S (“Saxo Bank”). The founder and CEO of Saxo Bank, Kim Fournais, will remain a shareholder in Saxo Bank.
Saxo Bank, founded in 1992, is a Danish bank specializing in online trading and investment. Saxo Bank provides access to over 71,000 financial instruments through its proprietary online trading platforms, serving almost 1.3 million clients globally with client assets totaling approximately DKK 853bn in 2024. Headquartered in Copenhagen, Saxo Bank has a global presence with offices in major financial centers such as London, Paris, Zürich, Dubai, Singapore, India, and Tokyo.
The transaction is subject to standard regulatory and other approvals.
Accura assisted Bank J. Safra Sarasin AG as Danish counsel in connection with the transaction.
Photo: Saxo Bank