The transaction marks the final step in a strategy to integrate Saxo’s multi-asset trading technology into the broader J. Safra Sarasin portfolio. While the financial details of this latest agreement remain undisclosed, the deal builds upon the 1.12 billion euro valuation established during the previous acquisition of the 71% stake. Fournais, who launched the firm in 1992 alongside Lars Seier Christensen, will retain his position as chairman despite the change in equity structure.
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J. Safra Sarasin Secures Full Control of Saxo Bank
Swiss private banking group J. Safra Sarasin has moved to acquire the remaining 28.7% stake in Saxo Bank from co-founder Kim Fournais, effectively bringing the Danish investment platform under total ownership. This consolidation follows the bank's initial purchase of a majority interest from Zhejiang Geely Holding Group and Mandatum last year.
Saxo Bank will continue to function as a separate entity, leveraging the Swiss group's global footprint across Europe, Asia, and the Middle East to scale its digital services. The bank aims to use this partnership to expand its financial technology offerings for family offices, asset managers, and corporate clients. Finalization of the deal awaits standard regulatory approval.
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