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Geely acquire Saxo Bank

14 Apr 2018

 

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.

 

 

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