China’s Geely and Finland’s Sampo take control of Saxo Bank, buy out TPG Capital and SinarMas LeapRate

October 02, 2017 BY LeapRate Staff

China's Geely and Finland's Sampo take control of Saxo Bank, buy out TPG Capital and SinarMas

Saxo Bank has a new majority owner. The Copenhagen based multi asset online broker has announced that Finland's Sampo Oyj (HEL:SAMPO) is becoming a new shareholder in Saxo Bank, joining China's Geely Group which will now become Saxo Bank's largest (and controlling) shareholder. Geely and Sampo will jointly buy out the other two main outside shareholders…

December 17, 2015 BY LeapRate Staff

Saxo Bank makes changes to its Board of Directors

Sinar Mas Group's Danny Oei joins the Saxo Board. Sinar Mas acquired a 9.9% stake in Saxo Bank last summer.

August 21, 2015 BY Maria Nikolova

Indonesia's Sinar Mas Group acquires 9.9% stake in Saxo Bank

Sinar Mas Group has bought 9.9% of the Bank's shares at a total price of DKK 951 million ($143.8 million), valuing Saxo Bank at DKK 9.6 billion ($1.4B).

Tag: Sinar Mas Group