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.