Saxo Bank and Disruptive Capital explore tie-up, Amsterdam listing (updated)

2026 Corporate Holdings

15/09/2022 08:13

(Adds detail, quote)
    COPENHAGEN, Sept 15 (Reuters) - Online trading firm Saxo
Bank and blank-check firm Disruptive Capital Acquisition
 DCACS.AS  have agreed to explore a combination and listing of
Saxo Bank on Euronext Amsterdam, the two companies said in a
joint statement on Thursday.
    Saxo, which derives most of its income from its online
trading platforms for private foreign exchange traders and
others, rather than traditional banking, said there would be no
issue of new shares by the firm.
    "The purpose of the potential listing of Saxo Bank is to
diversify its shareholder base, raise its profile and so further
accelerate its growth strategy," it said in a statement. 
    Saxo Bank shareholders Zhejiang Geely Holding Group and
Sampo  SAMPO.HE  intend to sell a "limited" part of their
shares, the company said in a statement.

 (Reporting by Stine Jacobsen and Nikolaj Skydsgaard, editing by
Terje Solsvik)
 ((stine.jacobsen@thomsonreuters.com; +45 21 56 90 10;))