featured, Geely Group, Goldman Sachs, Kim Fournais, Mandatum, NYSE:GS, Saxo Bank, Saxo Bank IPO, Saxo Bank sale
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Saxo Bank attempted to go public in 2022 via a merger with a Euronext Amsterdam listed special purpose acquisition company (SPAC).
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Multi-asset investment specialist Saxo Bank has reached another significant milestone, exceeding DKK 800 billion in client assets.
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Saxo Bank reported net profit of DKK 282 million for the first half of 2023, compared with DKK 302 million for the corresponding period a year earlier.
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The agreement to exit the China JV is part of operationally separating Geely and Saxo Bank.
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Saxo Bank divests its stake in Saxo Geely Tech Holding A/S with the sale to Geely Group and receives Saxo Bank shares as part of the transaction.
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In December Saxo Bank pulled out of a $2 billion merger transaction with a special purpose acquisition company, or SPAC.
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