Who is buying Saxo Bank?

Recently, a significant development has occurred in the realm of financial technology. Denmark's esteemed Saxo Bank has successfully concluded the sale of its ownership interest in Saxo Geely Tech Holding A/S, a joint venture known as Saxo Fintech.

The buyer of this stake is none other than Geely Group, a prominent automotive conglomerate headquartered in Hangzhou, China. This move signifies a strategic shift for both parties, as Geely Group diversifies its portfolio while Saxo Bank realigns its investments.

Geely Group, renowned for its achievements in the automotive industry, has now ventured into the fintech space with this acquisition. The company's expansion into this burgeoning sector underscores its commitment to innovation and technological advancement.

The sale of Saxo Bank's stake in Saxo Fintech marks a milestone in the evolution of the joint venture. With Geely Group at the helm, the future of Saxo Fintech promises to be filled with exciting possibilities and growth opportunities.

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