Freshfields Advised Geely Financials Denmark A/S On Sale Of Its Stake In Saxo Bank
Freshfields Advised Geely Financials Denmark A/S On Sale Of Its Stake In Saxo Bank
Standard regulatory and other approvals, including from the Swiss FINMA and the Danish FSA govern the transaction.
Global law firm Freshfields has advised Geely Financials Denmark A/S on the agreed sale of its 49.88% stake in Saxo Bank A/S to Bank J Safra Sarasin AG.
A provider of multi-asset trading and investment solutions organised as a fully licensed bank under the Danish FSA’s supervision, Saxo Bank A/S holds broker and banking licences in multiple jurisdictions. Saxo Bank A/S is headquartered in Copenhagen/Denmark and has over 2,300 professionals in financial centres around the world including Amsterdam, Zurich, London, Dubai, Singapore and Tokyo.
J. Safra Sarasin AG based in Switzerland has agreed to acquire around 70% of Saxo Bank A/S, held previously by Geely Financials Denmark A/S (49.88%) and Mandatum plc (19.83%). Kim Fournais, Founder and CEO, will continue as CEO and retain approximately 28% ownership. Standard regulatory and other approvals, including from the Swiss FINMA and the Danish FSA govern the transaction.
The Freshfields team was jointly led by Partner Patrick Cichy (Corporate/M&A, Hamburg), Partner Robin Helmke (Corporate/Capital Markets, Frankfurt), Principal Associate Jan Biermann (Corporate/M&A, Frankfurt) and Associate Bruno Gebhardi (Corporate/M&A, Hamburg). It further included Partners Janina Heinz (Financial Regulatory, Frankfurt), Ilka Oberländer (Antitrust, Munich), Andy Robinson (Corporate/M&A, London); Counsel Peter Stark (Tax, Frankfurt); Associates Sara Elisa Dietz (Corporate M&A, Frankfurt), Max Lennart Dürkop (Corporate/M&A, Hamburg), Nikita Grätsch (Financial Regulatory, Frankfurt), Nico Kiekebusch (Antitrust, Berlin), Bernardo Mora (Corporate/Capital Markets, Frankfurt), Daniel Renner (Tax, Frankfurt), and Simon Schulte (Corporate/M&A, Hamburg)
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