Geely Group takes 30% stake in Denmark's Saxo Bank

The Saxo Group Headquarters located in Copenhagen, Denmark.

By:

May 09, 2017 04:00 AM

COPENHAGEN, Denmark -- Saxo Bank co-founder Lars Seier Christensen agreed to sell his 26 percent stake in the company to a subsidiary of Chinese automaker Zhejiang Geely Holding Group.

Featured Stories

What automakers are saying about vehicle prices with tariffs in effect

Young technician grateful for his mentor

Volvo CEO Hakan Samuelsson promises new model, increased autonomy for U.S. business

Will Carvana be ready for the next market shift with tariffs? Confidence is there

Latest News

Volvo CEO Hakan Samuelsson promises new model, increased autonomy for U.S. business

Live updates on tariffs: Ford, Stellantis offer employee discounts; China retaliates; Mexico seeks solution

Hyundai, Genesis won’t raise vehicle prices over the next two months

What automakers are saying about vehicle prices with tariffs in effect

Staying current is easy with newsletters delivered straight to your inbox.

See More in China

Tech, bank stocks bear the brunt as China retaliates to Trump tariffs

South Korea’s KG Mobility signs deal to develop SUVs with Chery platform

Stellantis-backed Leapmotor becomes top-seller among Chinese EV startups in March

Tesla China deliveries slide 11% in March as global rout deepens

Staying current is easy with newsletters delivered straight to your inbox.