26 February 2018
Ad hoc Notification, Saxo Bank
We have accepted an offer from Alm. Brand, a Danish financial services group operating within non-life insurance, banking and life and pension insurance and ...
We have accepted an offer from Alm. Brand, a Danish financial services group operating within non-life insurance, banking and life and pension insurance and will sell all activities in Saxo Privatbank, expected to be finalised in April 2018, pending regulatory approvals. Simultaneously, Saxo will enter into a partnership with Alm. Brand Bank, enabling its clients to trade and invest in stocks, bonds, ETFs and mutual funds through Saxo’s award-winning platform SaxoTraderGO.
Commenting on the sale and partnership, Kim Fournais, co-founder and CEO, Saxo Bank A/S said:
”We have accepted an offer from Alm Brand, because we believe this will create a win-win situation for Saxo Bank, Alm. Brand and the clients of Saxo Privatbank. We also announce a strong partnership allowing all clients of Alm. Brand Bank to gain access to Saxo’s trading platform and global capital markets. It is a strategic decision to grow our business via partnerships globally. We are confident that Alm. Brand will be a valuable partner going forward and can ensure the continuous development of Saxo Privatbank.”