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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.

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.

Saxo Bank was effectively put up for sale in 2024, with its shareholders engaging investment banking firm Goldman Sachs.

Saxo Bank attempted to go public in 2022 via a merger with a Euronext Amsterdam listed special purpose acquisition company (SPAC).

Shortly after introducing “Money Matters – Make Your Impact” in Australia, Saxo launches the initiative in Singapore.

Don’t stop showering – start investing, says Kim Fournais, CEO and Founder of Saxo Bank.

Saxo Bank CEO Kim Fournais says now it is time to take stock amid efforts to inspire, educate and improve the Saxo experience.