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Sampo plc will buy 19.9 per cent of shares in Saxo Bank Group for EUR 265 million. Saxo Bank Group is a leading multi-asset trading and investment specialist headquartered in Denmark, offering a complete set of services relating to trading and investment technologies.
Geely Financials Denmark A/S, a subsidiary of Zhejiang Geely Holding Group Co., Ltd, will increase its stake and become majority shareholder with a total of 51.5 percent. Co-founder and CEO of Saxo Group Kim Fournais' stake of 25.71 per cent remains unchanged.
The transactions are pending regulatory approvals and are expected to be finalised during the next six months.
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