Saxo Bank Seals Partnership Deal With Australian Broker OpenMarkets

Saxo Bank, a Danish multi-asset broker, has entered into partership with OpenMarkets, one of Australia’s fastest-growing online stockbrokers. Under the terms of the deal, OpenMarkets and Saxo Bank will provide each other with technology solutions to build upon their respective market leading offerings. Significance of partnership The agreement will enable clients of Saxo to invest…

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Saxo Bank Sells 30 Percent Stake To Geely Group

Zhejiang Geely, the Chinese automotive company that also owns Volvo and the London Taxi Company, is buying about 30 percent stake in Saxo Bank. Through this deal, Saxo’s co-founder and former chief executive, Lars Christensen, will sell his 25.7 percent stake to the Chinese group. Minority stakeholders are expected to exercise tag-along rights, which would…

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