Saxo Bank valuation in sale to Safra: $1.74 billion
Geely Group will be receiving €802 million ($867 million) for its 49.88% stake in Saxo Bank.
Geely Group will be receiving €802 million ($867 million) for its 49.88% stake in Saxo Bank.
Saxo Bank co-founder and current CEO Kim Fournais is not party to the sale, and will retain his approximate 28% ownership in the company.
Johannesburg-headquartered DMA will assume 80.1% ownership of the Australian business, while Saxo Bank will retain 19.9%.
FTMO plans to maintain the OANDA group as a fully standalone business after completing the transaction.
The acquisition comes with a license issued by Indonesia’s financial regulator Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI).
The acquisition facilitates ACY Securities’ expansion of its proprietary trading platform, LogixTrader, into new markets.
Details on the launch of new Crypto.com Australia services including derivatives and securities will be shared in the coming weeks.
The merger of NAGA and CAPEX.com has formed one of the world’s leading neo-brokers with around 1.5 million users in over 100 countries.
FXFlat is a Ratingen, Germany based Retail FX and CFDs broker, focused mainly on the German, French, and Dutch retail markets.
Traders in Azerbaijan will gain access to CFI’s comprehensive suite of trading products across multiple asset classes.