Indonesia’s Sinar Mas Group acquires 9.9% stake in Saxo Bank | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
Summary
Sinar Mas Group bought a 9.9% stake in Saxo Bank for DKK 951 million, valuing the company at about DKK 9.6 billion. Saxo Bank said the new shareholder should help expand its business in Asia, where it already sees solid growth. The deal follows an earlier investment from CarVal Investors and leaves the founders in control of the bank. Saxo Bank also highlighted its technology platform and recent launch of SaxoTraderGO as central to its growth strategy.
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Fintech & Banking
applications
Governance, risk and compliance
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Fintech Software
Trading Platform Software
Capital Markets Infrastructure
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Saxo Bank A/S
$500M to $1B