Geely acquire Saxo Bank
- Perry Richardson
- Apr 14, 2018
- 1 min read
It's been revealed this week that taxi manufacturer Geely will take control of Denmark's Saxo Bank.
The Danish FSA have approved the take-over of the Copenhagen based company.
Geely will own 51.5% of the bank, whilst Finnish company Sampo will own 19.9% in the $1.56 Billion deal, which was first announced in October 2017.
The deal is expected to take several months to finalise.
